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- Electrical Basics

Total Construction Spending Expected to Drop Next Year

Published Thursday, October 08, 2009

Despite the expected recovery of residential building in the second half of 2009, total construction spending on an annual basis is expected to fall 12% this year and 4% in 2010, reveals the “Third Quarter U.S. Construction Briefing” from IHS Global Insight, headquartered in Lexington, Mass. Looking at the market as a whole, real total construction spending is not expected to rebound with double-digit growth on an annual basis until 2011 and 2012. Pulled down by commercial construction, which faces a 27.9% annual decline this year, non-residential construction remains in a slump, says the forecast, and will continue ...

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in this issue

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