World of Concrete 2012 wraps up Friday in Las Vegas and the show’s 50,000 attendees are optimistic and expect better days ahead.
One indicator of the concrete market is the annual Cement Outlook presented by Ed Sullivan, economist for the Portland Cement Association, Skokie, Ill. Cement consumption is expected to increase significantly in 2013, the first time an increase has been predicted in the past five years.
While his presentation focused primarily on the infrastructure, he noted there was a “tinge of optimism” for other markets including public utilities, industrial, and retail sectors.
By 2017, cement consumption is expected to reach levels last recorded in 2005. “The construction market is in a 12-year peak-to-peak recovery,” said Sullivan. A number of factors, including a reduction in office vacancy rates as well as unemployment rates must come to fruition before the construction market sees a significant recovery, says Sullivan.
"Jobs will determine the growth rate in the economy and also shorten the healing process," Sullivan said. "The more jobs, the more recovery at the state level, the more construction spending."
A host of GCs and concrete contractors noted an increase in residential and commercial business, however their profit margins are expected remain small in 2012.
Meanwhile, WOC 2012 exhibitors rolled out a series of new products. Maxwell Systems showcased its new construction management software; ProSpec introduced a new high-strength grout that contributes to LEED credits; and Laticrete introduced their Supercap Pump Truck, a mobile blending unit that can deliver up to 15 tons of material per hour. BD+C
Related Stories
Sports and Recreational Facilities | Feb 4, 2015
Arup unveils plans for the new A.C. Milan stadium
The venue will include a modern stage for the home matches together with a hotel, sports college, restaurants, children’s playground, green areas, and spaces open to the city and dedicated to public use.
Higher Education | Feb 3, 2015
Integrated Learning Neighborhoods: A solution for linking student housing with the typical student experience
Just as urban housing fits into the city as a whole, student housing can be integrated into the campus network as a series of living/learning neighborhoods, write Gensler's Brian Watson and Mark McMinn.
Office Buildings | Feb 3, 2015
5 trends transforming workplace design
RTKL's workplace design expert Jodi Williams foresees healthier and more technologically enabled offices that allow productive worker interaction, wherever they happen to be.
Office Buildings | Feb 3, 2015
Bjarke Ingels' BIG proposes canopied, vertical village for Middle East media company
The tensile canopy shades a relaxation plaza from the desert sun.
Fire-Rated Products | Feb 3, 2015
AIA course: Fire and life safety in large buildings
Earn 1.0 AIA/CES learning units by studying this article and successfully completing the online exam.
Multifamily Housing | Feb 2, 2015
D.C. developer sees apartment project as catalyst for modeling neighborhood after N.Y.'s popular High Line district
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.
Sponsored | Products and Materials | Feb 2, 2015
What should you consider when reviewing paint warranties?
Warranties can appear to be the same, but as a starting point, you should find out what paint technology your warranty is based on—polyester, silicon-modified polyester or PVDF. Once you’ve established an “apples to apples” comparison with the technologies, you must consider the color palette and its impact on warranty longevity. Review this with your builder, manufacturer or paint company representative.
Healthcare Facilities | Feb 1, 2015
7 new factors shaping hospital emergency departments
A new generation of highly efficient emergency care facilities is upping the ante on patient care and convenience while helping to reposition hospital systems within their local markets.
Multifamily Housing | Jan 31, 2015
5 intriguing trends to track in the multifamily housing game
Demand for rental apartments and condos hasn’t been this strong in years, and our experts think the multifamily sector still has legs. But you have to know what developers, tenants, and buyers are looking for to have any hope of succeeding in this fast-changing market sector.
Multifamily Housing | Jan 31, 2015
20% down?!! Survey exposes how thin renters’ wallets are
A survey of more than 25,000 adults found the renters to be more burdened by debt than homeowners and severely short of emergency savings.