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Description
The 2007 Construction Outlook is a 32 page report on industry trends and detailed economic forecasts that will affect the construction industry in 2007. Included in the purchase is the Outlook 2007 Executive Conference On-Demand Webcast. (Scroll down for Webcast details.) Vital information you need to plan for business success in the year 2007 and beyond. The highlight of the McGraw-Hill Construction 68th annual Outlook Executive Conference (October 27, 2006, Washington, DC) was the presentation of the McGraw-Hill Construction 2007 Construction Outlook, a first-hand view of industry trends and detailed economic forecast that will affect the construction industry in 2007. Construction Outlook 2007 includes everything Robert Murray, vice president of economic affairs for McGraw-Hill Construction, discussed including over 60 charts, tables and graphs. New construction starts for 2007 are estimated to be $668 billion, a modest 1% decline. The 2007 Construction Outlook includes main points for the 2007 construction market. Your Competitive Advantage
Get a closer look at a competitor, partner or potential acquisition. Find out how McGraw-Hill Construction Research and Analytics can change the ways you do business and pick up the pace of your decision cycle. More detailed and longer term projects are available from McGraw-Hill Construction Research and Analytics group in Lexington, Massachusetts. For further information on the purchase of statistical and forecast products, please call 1-800-591-4462, or visit the McGraw-Hill Construction website at www.construction.com. About the Author
Robert Murray
Vice President, Economic Affairs McGraw-Hill Construction
Robert Murray is vice president of economic affairs for McGraw-Hill Construction, the leading source of project news, product information, industry analysis and editorial coverage for design and construction professionals. Murray joined McGraw-Hill Construction in 1980 as an economist, with a primary focus on analyzing construction industry trends. In the mid-1980s he directed a team of economists that developed the Construction Market Forecasting Service, providing five-year projections for 22 building types by nine regions of the U.S. This product has subsequently become the pre-eminent forecast of the nation's construction industry, and it serves as the foundation for other construction and real estate forecast products offered by McGraw-Hill Construction Research and Analytics. Murray is the author of the McGraw-Hill Construction Outlook, and also coordinates the five-year industry forecast and the Construction Market Forecasting Service, which analyzes national and regional trends for building products. He received his bachelor's degree from Princeton University, and holds both an M.B.A. and a Master 's degree in economics from Columbia University. Contents
Page 1. Executive Summary: single family housing, income properties, institutional building, manufacturing building, public works construction, electric utilities construction.
Table: "The Sequence of Expansion" 2001-2007 (billions of dollars): Total Construction, Single Family Housing, Income Properties, Institutional Buildings, Manufacturing Buildings, Public Works, Electric Utilities.
Graphs (2): Dodge Construction Starts and Construction Put in Place Page 3. Economic Environment: U.S. economy, patterns of materials prices, the financing environment
Graphs (13): Real GDP Growth 2000-2006 (annual percent change); Change in Employment 2000-2006 (thousands of workers); Consumer Prices 2000-2006 (percent change vs. a year ago); Monetary Policy 2000-2006 (Federal Funds Rate, percent); PPI, Construction Materials 2000-2006; PPI, Copper Wire Products 2000-2006; PPI, Asphalt Products 2000-2006; PPI, Gypsum Products 2000-2006; PPI, Iron and Steel Products 2000-2006; PPI, Lumber and Wood Products 2000-2006; Survey of Bank Lending Officers-percent reporting tighter lending 1990-2006 (2-year increments); Federal Budget Surplus/Deficit (billions of dollars, CBO projections) 1991-2007 (2-year increments); State and Local Governments--year-end balance, percent of expenditures 1991-2007 (2-year increments) Page 8. Forecast Tables - Construction Starts 2007 National and Regional Estimates: Residential Building, Nonresidential Building, Nonbuilding Construction, All Construction. Table Headings: 2005 Actual, 2006 Preliminary, 2007 Forecast, Percent Change 2007/2006. Includes maps of U.S. regions covered. Page 10. Single Family Housing: Narrative on the performance and forecasts of single family housing: Includes Direction for Mortgage Rates, Home Prices and Homes Sales and Regional Housing Patterns.
Graphs and Bar Charts (9): Single Family Housing (in thousands of units) 1986-2006 (two-year increments); Mortgage Rates - 30 Year Fixed 2000-2006; New Home Prices (percent change, median price) 1991-2007 (two-year increments); Supply of New Homes for Sale (number of months) 1990-2006 (two-year increments); Northeast: Single Family Housing Starts (thousands of dwelling units) 1987-2007 (two-year increments); North Central: Single Family Housing Starts (thousands of dwelling units) 1987-2007 (two-year increments); South Atlantic: Single Family Housing Starts (thousands of dwelling units) 1987-2007 (two-year increments); South Central: Single Family Housing Starts (thousands of dwelling units) 1987-2007; West: Single Family Housing Starts (thousands of dwelling units) 1987-2007 Page 14. Income Properties: Narrative and forecasts about the overall performance of income properties: Stores and Shopping Centers, Commercial Warehouses, Office Buildings, Hotels and Motels, Multifamily Housing.
Tables (4): Top 10 Metro Areas for Store Construction in 2006; Top 10 Metro Areas for Office Construction 2006; Top 10 States for Hotel Construction 2006; Top 10 Metro Areas for Multifamily Construction 2006
Graphs and Bar Charts (7): Stores and Shopping Centers (millions of square feet) 1986-2006; Warehouses (millions of square feet) 1986-2006; Offices (millions of square feet) 1986-2006; Change in Office Employment (thousands of workers) 1991-2007; U.S. Office Vacancy Rates 1990-2006; Hotels (millions of square feet) 1986-2006; Multifamily Housing (thousands of units) 1986-2006 Page 20. Institutional Buildings: Narrative and forecasts about the overall performance of institutional buildings: Educational Buildings, Hospitals and Other Health Treatment Buildings, Other Institutional Buildings
Tables (2): Top 10 States for Education Construction 2006; Top 10 States for Healthcare Construction 2006
Graphs and Bar Charts (9): Educational Buildings (millions of square feet) 1986-2006; Student Enrollments, Grades K-8 (millions of students) 1985-2015 (two-year increments); Student Enrollments, Grades 9-12 (millions of students) 1985-2015 (two-year increments); Higher Education Enrollments (millions of students), 1985-2015 (two-year increments); Alterations, Educational Buildings (billions of dollars) 1986-2006; Hospitals and Other Health Facilities (millions of square feet) 1986-2006; Public Buildings (millions of square feet) 1986-2006 (two-year increments); Religious Buildings (millions of square feet) 1986-2006 (two-year increments); Amusement and Recreational Buildings (millions of square feet) 1986-2006 (two-year increments)
Map: Map of U.S., "Change in K-12 Student Enrollments, 2005-2015 Page 25. Manufacturing Buildings: Narrative and forecasts about the overall performance of manufacturing buildings.
Graphs (2): Manufacturing Buildings (millions of square feet) 1986-2006 (two-year increments); Capacity Utilization (percent) 2000-2006 Page 26. Public Works and Electric Utilities: Narrative and forecasts about the overall performance of public works and electric utilities: Transportation Public Works, Environmental Public Works, and Electric Utilities.
Tables (3): Top 10 States for Highways/Bridges 2006; Top 10 States for River-Harbor Development 2006; Top 10 States for Sewer Construction 2006
Graphs (6): Highways and Bridges (billions of dollars) 1986-2006 (two-year increments); Airport Runways and Terminals (billions of dollars) 1986-2006 (two-year increments); Dams and Water Resources (billions of dollars) 1986-2006 (two-year increments); Sewer Systems (billions of dollars) 1986-2006 (two-year increments);Water Supply Systems (billions of dollars) 1986-2006 (two-year increments); Electric Utilities (billions of dollars) 1986-2006 (two-year increments) Page 31. The More Things Change: Narrative about the summation of overall gain of the various construction sectors, factors affecting next year's construction environment.
Graph (1): Total Construction Activity by Cycle-Years from Cyclical Trough (cyclical trough (T) = 100, based on Constant 2000 dollars) ---------------------------------------------------------------------- Outlook 2007 Executive Conference On-Demand Webcast - free with purchase of the 2007 Construction Outlook Outlook 2007 Executive Conference On-Demand Webcast Details
*To access the Outlook 2007 Webcast, click the orange box on the cover of the Construction Outlook. The passcode, also located in the orange box, will give you free access to the Webcast. Includes Robert Murray presenting 2007 Construction Outlook and the following presentations:
- Norbert W. Young, Jr., FAIA - President, McGraw-Hill Construction
Conference Moderator, Opening Remarks
- David Wyss - Chief Economist, Standard & Poor's
US Economic Outlook: Riskier Business
- Nariman Behravesh - Executive Vice President & Chief Economist, Global Insight
The World Economic Outlook: A Mild Slowdown or Something More Problematic
- Professor Roger Flanagan - Professor of Construction Management, The University of Reading, School of Construction Management and Engineering.
What is shaping the global construction market and design and construction businesses. How the European, Japanese, and Asian Players Are Seeking To Expand
- John Mothersole - Principal, Industry Practices, Global Insights
Building Material Prices: Any Relief in Sight?
- Kermit Baker - Chief Economist, The American Institute of Architects
Emerging Opportunities in the Home Building and Remodeling Industries
- Robert Murray - Vice President, Economic Affairs, McGraw-Hill Construction
The 2007 Construction Outlook, a mainstay of business planning for construction and manufacturing industry executives.
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