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Publication Date: 11-APR-09
Pages: 14
Format: PDF
Price: $295.00
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Description
The 2009 Construction Outlook Spring Update is a 14 page report on industry trends and detailed economic forecasts that will affect the construction industry in 2009 authored by Robert Murray, McGraw-Hill Construction's Chief Economist. It updates last year's McGraw-Hill Construction 2009 Construction Outlook, including information on the current economic environment, an overview of different construction markets, and construction forecast tables. The construction industry is facing divergent forces in 2009. The economy has weakened substantially, and despite all the efforts and money directed at thawing frozen credit markets last fall, there’s been little sign of any positive impact. The steps proposed by the Obama Administration in late March to deal with the troubled banking system were received favorably by the financial markets, but their implementation will require time and their degree of success is uncertain, especially for the near term. The 2009 Construction Outlook Spring Update also covers Federal Stimulus as the most immediate help to the economy will come from the federal stimulus bill. The American Recovery and Reinvestment Act of 2009 has the stated goal of creating or saving at least 3.5 million jobs by the end of 2010. Areas covered in the Spring Update include:
- Economic Environment
- Public Works and Electric Utilities
- Forecast Tables
- Residential Buildings
- Commercial Buildings
- Institutional Buildings
- Manufacturing Buildings
- The Shape of 2009
Mr. Murray's update to the 2009 projections for U.S. construction start activity will offer insights on changing prospects for nonresidential building and public works. Be sure to download you copy today to get all the information needed and stay abreast of developments and get the competitive advantage needed to make the right decisions.
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