As a rule of thumb, forecasts tend to err on the side of optimism. When a consensus forecast is flat, warning flags should go up. ENR's interviews with construction economists uncovered, at best, guarded optimism. More commonly, economists expressed degrees of pessimism, ranging from a stalled recovery that could bounce back by 2013 to a double-dip recession that could cloud numbers for the foreseeable future. But no one is too happy about 2012.McGraw-Hill Construction's forecast for 2012 sees zero growth for construction starts following five years of depressed markets. MHC, the parent of ENR, estimates that 2011 will close out
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.