Construction Markets StabilizingAt Low Levels During 2012 In its updated 2012 construction market forecast released on July 18, McGraw-Hill Construction sees an uneven recovery. MHC predicts a stronger-than-expected rebound in the housing market and a modest uptick in the private non-residential building market, dampened by continued weakness in the public building and non-building markets. MHC now expects total new construction starts to increase 2.5% in 2012, after an anemic 0.3% gain last year.The biggest percentage boost comes from housing, which is rebounding from historic lows. Single-family housing is expected to increase 21% in dollar value this year, while multifamily housing
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.