Photo by Bruce Buckley Robert Murray, vice president of economic affairs for McGraw-Hill Construction, sees no upswing in construction volume in 2012. Related Links: YouTube Video of McGraw-Hill Construction's Forecast for 2011 A fifth straight year of decline is how 2011 will go into the record books, with no growth likely next year. That's the sobering forecast from McGraw-Hill Construction.In light of the sluggish economy, construction spending continues to limp along in a depressed state with few limited signs of hope on the horizon. McGraw-Hill Construction, the parent of ENR, estimates that 2011 will close out with a 4% drop
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.