PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Construction Outlook Predicts Market Slide

Wednesday, November 5, 2008

Comment | More

McGraw-Hill Construction released its 2009 Construction Outlook at the Outlook 2009 Executive Conference in Washington, D.C. According to the outlook, the level of construction starts for 2009 is expected to drop by 7% to $515 billion.

 

Robert A. Murray, vice president of economic affairs for McGraw-Hill Construction, addressed 400 construction executives and professionals at the conference stating that home prices are continuing to drop and store construction will take a 30% hit.

 

The outlook stated that single-family housing will be down 2% in dollars and 4% in units, while multi-family housing will be down 6% in dollars and 8% in units.

 

Similar to 2008, commercial buildings will drop 12% in dollars and 15% in square feet as they continue to lose momentum. Institutional buildings will fall by 3% in dollars and 6% in square feet because funding from states and localities has decreased.

 

Manufacturing buildings take the biggest plunge at 32% in dollars after an exceptional 2008 lifted by the start of several oil refinery expansion projects.

 

Public works construction is expected to fall by 5% due to lack of funding from all levels. Electric utility construction surged to 55% in 2008, a near record, but is expected to retreat 30% in 2009.

 

More information can be found at www.construction.com.

   

Tagged categories: McGraw-Hill

Comment Join the Conversation:

Sign in to our community to add your comments.

Corrosion Probe, Inc.
From Detection to Correction

Corrosion Probe, Inc. has the Most Concrete Coatings Experience and Expertise. Contact us today at
860-767-4402, www.cpiengineering.com


Simpson Strong-Tie
Repair, Protect & Strengthen

Need a coating? Turn to Fox. We have solutions to repair, protect and strengthen concrete, steel and wood substrates. Call 888-760-0369 or email info@foxind.com


Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


Elcometer, Inc.
Durability & Design meet
Performance & Reliability

Elcometer 319 Dewpoint Meter
View the technical data on the Elcometer Dewpoint meter.


Sherwin-Williams
Sherwin Williams

• Extends Service Life
• Single Coat Application
• Cure to Service in 24 Hours


Polyval Coatings
POLYFLEX brand Polyurea

high chemical resistant membranes are used extensively to protect our environment in secondary containment applications.


Greener Blast Technologies
Reinventing the Blasting Industry

Greener Blast Technology, Inc. manufactures the most effective slurry blasting system available on the market to date.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com