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
| Sep 6, 2013
Nonresidential Construction Index holds steady in Q3
FMI's 2013 Third Quarter Nonresidential Construction Index report shows a NRCI score of 60.3, a .2-point improvement over Q2.
| Sep 5, 2013
Do you have the next big breakthrough for the AEC industry?
Next month's Under 40 Leadership Summit in San Francisco is your place to shine. Our third annual networking and leadership event for young AEC professionals will feature an XPrize-type competition, called Vision U40, that will reward attendees who develop the most innovative solutions to today's pressing issues.
| Sep 4, 2013
Identifying your leadership gaps
U.S. businesses spend more than $170 billion annually on leadership-based curriculum, according to the American Society of Training and Development. Is all that training producing better leaders or just more people who hold positions of leadership?
| Sep 4, 2013
Augmented reality: 12 applications for design and construction professionals
Building Design+Construction reached out to AEC professionals who have studied and applied augmented reality and asked them to pinpoint applications that are ripe for the technology. Here’s what they had to offer.
| Sep 4, 2013
Augmented reality goes mainstream: 12 applications for design and construction firms
Thanks to inexpensive mobile devices and increasingly advanced software apps, Building Teams are finally able to bring their BIM models to life on the job site.
| Sep 4, 2013
K-12 school design that pays off for students
More and more educators are being influenced by the Reggio Emilia approach to pedagogy, with its mantra of “environment as the third teacher”—an approach that gives Building Teams a responsibility to pay even closer attention to the special needs of today’s schools.
| Sep 4, 2013
Video: Autodesk Fellow Tom Wujec on why you should join the Vision U40 competition
Tom Wujec, lead facilitator of BD+C's 3rd Annual Under 40 Leadership Summit, October 9-11 in San Francisco, explains the Vision U40 competition, which will launch at the event. U40 Summit participants will collaborate in small teams to develop innovative solutions to today's pressing social, economic, technical and cultural problems related to the built environment. They will complete for $5,000 in prizes.
| Sep 4, 2013
Smart building technology: Talking results at the BUILDINGChicago/ Greening the Heartland show
Recent advancements in technology are allowing owners to connect with facilities as never before, leveraging existing automation systems to achieve cost-effective energy improvements. This BUILDINGChicago presentation will feature Procter & Gamble’s smart building management program.
| Sep 4, 2013
Twenty-nine-acre brick building complex in Watertown, Mass., to be renovated as innovation hub
The owner of a 29-acre cluster of brick buildings in Watertown, Mass., wants to reinvent the site as a 21st-century innovation hub.
| Sep 4, 2013
Last chance to pre-register for BUILDINGChicago/Greening the Heartland Conference at 20% savings
Attendees of the BUILDINGChicago/Greening the Heartland Expo and Conference can still save 20% off the at-site registration fee by registering online in these final days before the event opens on September 9 and concludes on September 11.
