McGraw-Hill Construction, publisher of Southeast Construction, reported that, according to its latest data, the value of new education starts in the four-state region of Florida, Georgia and the Carolinas will total about $6.4 billion during 2010.
That forecast remains essentially unchanged from the company’s earlier prognosis for this sector. For the January Outlook issue of Southeast Construction, McGraw-Hill Construction had predicted roughly the same amount, $6.435 billion.
The 2010 forecast of $6.4 billion for new education project starts would be approximately 5% higher than the company’s 2009 estimate for this category, of $6.2 billion.
By state, McGraw-Hill Construction expects the following levels of new project activity: Florida, $2.2 billion; Georgia, $1.9 billion; North Carolina, $1.4 billion; and South Carolina, approximately $900 million.
McGraw-Hill Construction’s education category includes schools, libraries and laboratories not related to manufacturing.
|Average Annual Starts||Forecast 2010|