Construction Forecasts
Construction Forecasts
(OP)
The recent construction forecasts for the building industry (not including transportation) I've seen have been rather grim for 2011 with little growth predictions until 2012.
Has anyone read any reports or heard of any areas of the country that are starting to grow in this sector? (Hospitality, Commercial, Residential, Education, etc)
Has anyone read any reports or heard of any areas of the country that are starting to grow in this sector? (Hospitality, Commercial, Residential, Education, etc)





RE: Construction Forecasts
The sectors have been varied: a few university buildings, a few upfits to industrial plants, two new industrial plants, and several healthcare buildings.
The projects are there.
RE: Construction Forecasts
1. Universities (their tuition goes up, no matter how bad the economy is).
2. Hospitals, people get sick, no matter the state of the economy.
and this last one has puzzled me, because you'd think the opposite.
3. Churches tend to go with major expansions during recessions. Wonder why? (you'd expect less donations during recessions)
I think that these institutions have plenty of money and tend to shelve projects and wait for the "right" market conditions till the contractors (and the Arcitects) are hungry enough for work.
RE: Construction Forecasts
http://www.johnmauldin.com
RE: Construction Forecasts
RE: Construction Forecasts
Some residential building in my area at the mo0ment, but it appears tentative at best.
Mike McCann
MMC Engineering