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01/15/2010

Another Steep Decline in Nonresidential Construction Activity Projected for 2010

 
Another Steep Decline in Nonresidential Construction Activity Projected for 2010
Despite signs that the overall U.S. economy is beginning to improve, nonresidential construction spending is expected to decrease by 13.4 percent in 2010 with a marginal increase of 1.8 percent in 2011, according to the American Institute of Architects’ semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters.

Commercial and industrial projects will continue to see the most significant decrease in activity, but institutional building categories will fare better over this period due in part to federal stimulus spending.

“When economies emerge from this prolonged recession, recovery for nonresidential construction activity typically takes longer,” says Kermit Baker, chief economist for AIA. “Hardest hit will be the commercial and industrial sectors with projected declines in the 20 percent range for 2010 in most building categories. Led by the healthcare market, the institutional sector will see far less dramatic declines and should help lead the construction industry into recovery in 2011.”

Further details from the Consensus Construction Forecast can be found at http://info.aia.org/aiarchitect/thisweek09/1218/1218b_consensus.cfm.
 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

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10/23/2014

Study shows seven key areas to increase worker engagement. 

10/22/2014

New rule aims to eliminate the production of HCFC refrigerants. 

10/21/2014

U.S. photovoltaic costs continue to decline.

10/20/2014

The EPA looks to help improve energy and air quality during educational facility renovations. 

10/17/2014

Agency says current regulations "don't protect worker health".

10/16/2014

Scientists have developed LED bulbs free of rare earth metals.

10/15/2014

Survey shows a decrease in employees coming to work sick.

10/14/2014

New efficiency ratings available for apartment units

10/10/2014

New code to increase commercial building efficiency.

10/09/2014

Take charge of your electricity bill with these quick tips.

10/08/2014

Illumination improvements take the top award for physics

10/07/2014

Study shows equipment improvements could boost efficiency. 

10/06/2014

New device integrates batteries into solar cell design.

10/03/2014

The switch to green products comes to healthcare facilities.

10/01/2014

Photovoltaic installations serve nearly 2.7 million students

09/30/2014

Incidence of fires and property loss down from 2012

09/29/2014

Academic achievement tied to responsible reporting habits

09/26/2014

Survey shows people more careful, less satisfied in public washrooms.

09/25/2014

A new study shows that switching natural gas for coal will not significantly reduce the amount of CO2 emissions being produced. 

09/24/2014

A new study shows the carbon emission reduction policies individual states have adopted are yielding results.

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