Engineering Inc. - September/October 2004 - 6

MARKET WA T C H Is Nonresidential Construction TABLE 2 Six Months of Plus
Signs Set for a Comeback? Selected Construction Spending Data, First Half
2004 vs. First Half 2003 2000 data added for perspective By Joe Salimando
dollars in billions Change T he housing bubble won't jected to post
double-digit gains 2000 2003 2004 04/03 burst in 2005, but the resi- in
contracts for square footage. Residential all $139.5 $219.7 $250.4 + 14.0%
dential construction market On the residential side, single- Nonresidential
private $95.2 $103.3 $105.4 + 2.0% will slow, according to Bob family
housing starts are forecast Commercial Buildings $24.0 $27.2 $27.6 + 1.7%
Murray, vice president and chief to decline by 110,000, to 1.3 Office
Buildings $21.2 $14.4 $15.5 + 7.4% economist for McGraw-Hill million.
Multifamily starts are Power Plants n/a $14.2 $13.6 - 4.3% Construction.
seen increasing 10,000 units, to Healthcare $6.1 $11.8 $12.8 + 8.5% But
that's not terrible news 435,000. Overall, 2004 is slated Public
Construction $61.5 $98.2 $102.8 + 4.6% and it's accompanied by major to
finish with 1,845,000 hous- Total Constr uction* $301.0 $421.2 $458.6 +
8.9% positives. ing starts; this could drop to *Note: figures in each
column do not add up to total line because several smaller markets
McGraw-Hill predicts that 1,745,000 starts next year. have been omitted.
nonresidential construction will In construction-dollar terms, Source:
Department of Commerce, construction put-in-place report for June 2004.
finally make its comeback see construction of new single-fam- Table 1 ,
with a 9 percent gain ily houses is projected to fall by in the mid 1980s,
was about 21 figures i.e., including food and in the dollar value of
contracts 5 percent. percent in current dollars. energy paint a different
picture. for new construction of income Note: McGraw-Hill's estimate The
Consumer Price Index The Real Story properties hotels, apartment for 2004
total construction and CPI , as reported by the Bureau buildings, offices,
retail stores, Murray notes that the 1999

Engineering Inc. - September/October 2004

Table of Contents for the Digital Edition of Engineering Inc. - September/October 2004

Table of Contents
From ACEC to You
Ask Members
News & Notes
Legislative Action
Team Management
Fleet Smarts
The Pain Drain
Members in the News
One on One
Engineering Inc. - September/October 2004 - FrontCover
Engineering Inc. - September/October 2004 - Cover2
Engineering Inc. - September/October 2004 - Table of Contents
Engineering Inc. - September/October 2004 - From ACEC to You
Engineering Inc. - September/October 2004 - Ask Members
Engineering Inc. - September/October 2004 - News & Notes
Engineering Inc. - September/October 2004 - 5
Engineering Inc. - September/October 2004 - 6
Engineering Inc. - September/October 2004 - 7
Engineering Inc. - September/October 2004 - Legislative Action
Engineering Inc. - September/October 2004 - 9
Engineering Inc. - September/October 2004 - 10
Engineering Inc. - September/October 2004 - 11
Engineering Inc. - September/October 2004 - 12
Engineering Inc. - September/October 2004 - 13
Engineering Inc. - September/October 2004 - Team Management
Engineering Inc. - September/October 2004 - 15
Engineering Inc. - September/October 2004 - 16
Engineering Inc. - September/October 2004 - 17
Engineering Inc. - September/October 2004 - Fleet Smarts
Engineering Inc. - September/October 2004 - 19
Engineering Inc. - September/October 2004 - 20
Engineering Inc. - September/October 2004 - 21
Engineering Inc. - September/October 2004 - The Pain Drain
Engineering Inc. - September/October 2004 - 23
Engineering Inc. - September/October 2004 - 24
Engineering Inc. - September/October 2004 - 25
Engineering Inc. - September/October 2004 - Members in the News
Engineering Inc. - September/October 2004 - 27
Engineering Inc. - September/October 2004 - 28
Engineering Inc. - September/October 2004 - 29
Engineering Inc. - September/October 2004 - 30
Engineering Inc. - September/October 2004 - 31
Engineering Inc. - September/October 2004 - Cover3
Engineering Inc. - September/October 2004 - BackCover
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