flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Gilbane publishes Fall 2012 construction industry economic report

Gilbane publishes Fall 2012 construction industry economic report

Report outlines fluctuation in construction spending; predicts continued movement toward recovery.


By Posted by Tim Gregorski, Senior Editor | October 4, 2012

Gilbane Building Co. has released the Fall 2012 edition of Construction Economics -- Market Conditions in Construction. Based on an array of economic data, construction starts, and material cost trends, this free report indicates an increase in construction spending over last year but cautions of an expected downturn again in early 2013. The Architectural Billings Index (ABI), which predicts activity 9-12 months out, indicates increasing spending nearly through the end of the year before another slowdown.

"Jobs continue to be the difficulty in this construction recovery. They are at a near standstill, while spending continues a slow climb," says Ed Zarenski, the report's author and a 40-year veteran of the construction industry. "A nugget of good news, though, is that climb may mean productivity is increasing. Spending is up only 2.5% since the beginning of the year, but up 6% from a year ago. Supported by positive growth trends, contractors may be able to recover a bit of lost margins."

According to the report, the construction industry has seen a small but continued growth in contractor's margins that started a very slow return to positive in 2011. Material price increases and labor cost growth will still contribute to escalation. Contractors' building costs "charged" in 2012 are above labor and material cost increases, signaling a continued movement towards recovery of more normalized margins.

Among the topics covered in this comprehensive report are:

  • Construction Starts, Spending, & Costs
  • Material Price Movement
  • Trends and Costs for Structural Steel, Recycling Steel, & Copper
  • Architectural Billings Index
  • Current Inflation Forecast
  • ENR Index -- BCI History

This free report is available for download at http://info.gilbaneco.com/construction-economics. +

Related Stories

| Sep 8, 2011

Two promoted at ajc architects

ajc architects announced the promotion of Joshua W. Greene, AIA, NCARB, LEED Green Associate to Associate Principal of the firm. The firm also announced that Kent Rigby, AIA, has been promoted to Associate Architect.

| Sep 7, 2011

KSS Architects wins AIA NJ design award

The project was one of three to win the award in the category of Architectural/Non-Residential. 

| Sep 7, 2011

Administration, Maintenance and Operations Facility in South Bend achieves LEED Platinum

The facility achieved 52 LEED points, including those for site selection, energy, materials and resources and innovation.

| Sep 6, 2011

Construction on Beijing's tallest building starts next week

The 108 floor mixed-use skyscraper consists of offices, apartments, hotels and shopping malls on the lower floors.

| Aug 31, 2011

Sebastopol, Cailf., invites designers to submit ideas for renewing city center

The goal of The Core Project is to explore how the physical presence of Sebastopol can become a more economically thriving and aesthetically vibrant place, reflecting the naturally beauty of the region and the character of the community. 

| Aug 31, 2011

Wythe Confectionary renovation in Brooklyn completed

Renovation retains architectural heritage while reflecting a modern urban lifestyle.

| Aug 24, 2011

Deadline Extended: 2012 "Best AEC Firms to Work For” Awards

We’re looking for firms that create truly positive workplaces for their AEC professionals and support staff. In other words, this awards program will recognize those AEC firms that nurture and develop their most valuable asset—their people.

| Aug 23, 2011

Acoustical design education model

Pass this exam and earn 1.0 AIA/CES Discovery learning units. You must go to www.BDCnetwork.com/EnhancedAcousticalDesign to take this exam.

boombox1
boombox2
native1

More In Category


Urban Planning

The magic of L.A.’s Melrose Mile

Great streets are generally not initially curated or willed into being. Rather, they emerge organically from unintentional synergies of commercial, business, cultural and economic drivers. L.A.’s Melrose Avenue is a prime example. 


Curtain Wall

7 steps to investigating curtain wall leaks

It is common for significant curtain wall leakage to involve multiple variables. Therefore, a comprehensive multi-faceted investigation is required to determine the origin of leakage, according to building enclosure consultants Richard Aeck and John A. Rudisill with Rimkus. 


halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021