Three economists with an understanding of the industry say that construction has finally hit bottom across the board (retail, housing, office) and is poised to come back with double-digit growth in 2011.
Jeffrey Spivak gets the story for Urban Land Magazine, from a presentation by economists Kermit Baker, Kent Simonson, and Jim Haughey, all from Reed Construction Data. They report that 2011: "will be a growth year in single-family and multifamily housing, plus retail and hospital/laboratory commercial buildings, before construction spending takes off virtually across the board in 2012."
Haughey says that the economic climate is good, but developers have yet to act on the potential.
FULL STORY: 2011 Construction Outlook
How Might Tariffs and Deportations Affect Affordable Housing Development?
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E-diggers Pave Way for Cleaner, Greener, Quieter London
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Prefab Custom Homes: Urban Multi-Family Game Changer
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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Urban Design for Planners 1: Software Tools
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Planetizen
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Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service