+ Image Source: McGraw-Hill Research & Analytics/ENR Related Links: Full Details: ENR's Fourth Quarterly Cost Report (subscription) Trying to predict when the industry recovery will kick in, construction economists can only agree that things will get better, just not next year. While the optimists are hoping healthy markets will return in 2013, the pessimists are hoping for 2014 or even 2015 (see ENR 11/14/11 p. 10). Next year's expected weak demand underlies ENR's forecast for its cost indexes in 2012. Unemployment will continue to keep labor costs in check, and neither lumber, steel nor cement prices are expected to make
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.