Gilbane’s Spring 2012 economic report identifies multiple positive economic and market factors

Gilbane Building Company announced the publication of the Spring 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 projects expanding work volume, slowly increasing workforce and material price increases are leading to a growing escalation rate. Nevertheless, some critical indicators are illustrating a positive trend.

According to the report, the ABI, which predicts activity 9-12 months out, indicated a slight downturn that the industry is currently experiencing. Since July 2011, all indices have been climbing, which bodes well for newly anticipated work growth in the second and third quarters of 2012. Construction spending still shows inconsistent performance but over the last year the trend has clearly been increased spending.

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

This free report is available for download, at http://www.gilbaneco.com/construction-economics or by clicking here. +

It’s no accident that the word “Highline” is in this project’s name. The goal is for the building to be a kind of gateway into the larger redevelopment of the surrounding neighborhood to resemble New York’s City’s trendy downtown Meatpacking District, through which runs a portion the High Line elevated park.

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