Construction Economic Data and Forecast
|
History |
Projection |
Forecast |
|
|
$ |
$ |
2004
to
2005
|
$ |
2005
to
2006 |
$ |
2006
to
2007 |
$ |
2007
to
2008 |
| Property Type |
2004 |
2005 |
%CH |
2006 |
%CH |
2007 |
%CH |
2008 |
%CH |
NON-
RESIDENTIAL
BUILDING |
164,674,846,333 |
179,984,980,505 |
9.3% |
201,179,814,832 |
11.8% |
214,659,121,827 |
6.7% |
224,101,669,631 |
4.4% |
| Hotel/Motel |
6,015,591,077 |
7,354,601,672 |
22.3% |
10,380,911,448 |
41.1% |
8,087,472,206 |
-22.1% |
7,104,855,432 |
-12.1% |
| Retail |
22,653,751,480 |
28,144,152,109 |
24.2% |
31,889,232,633 |
13.3% |
35,991,831,176 |
12.9% |
37,775,044,523 |
5.0% |
Parking
Garages |
2,099,217,702 |
1,618,538,192 |
-22.9% |
2,410,883,620 |
49.0% |
2,417,433,202 |
0.3% |
2,444,015,872 |
1.1% |
| Amusement |
7,232,854,578 |
5,540,120,650 |
-23.4% |
6,405,751,728 |
15.6% |
2,919,460,278 |
-54.4% |
2,639,819,134 |
-9.6% |
| Office |
14,869,380,689 |
20,067,065,430 |
35.0% |
23,685,921,152 |
18.0% |
30,124,211,764 |
27.2% |
33,213,809,721 |
10.3% |
GOVERN-
MENTAL
SPACE |
|
|
|
|
|
|
|
|
|
Office/
Police/
Courthouse
/Prison |
7,890,304,529 |
7,318,452,319 |
-7.2% |
8,479,544,436 |
15.9% |
8,435,357,418 |
-0.5% |
8,570,214,530 |
1.6% |
Misc.
Government |
6,719,487,030 |
6,497,750,471 |
-3.3% |
7,053,608,844 |
8.6% |
6,802,110,629 |
-3.6% |
6,761,519,511 |
-0.6% |
Misc.
Commercial |
4,698,064,027 |
3,932,762,527 |
-16.3% |
4,351,056,673 |
10.6% |
4,289,093,790 |
-1.4% |
4,353,950,815 |
1.5% |
TOTAL
COMMER-
CIAL |
72,178,651,112 |
80,473,443,370 |
11.5% |
94,656,910,534 |
17.6% |
99,066,970,463 |
4.7% |
102,863,229,538 |
3.8% |
| INDUSTRIAL |
|
|
|
|
|
|
|
|
|
(Manu-
facturing/
Ware-
houses/
Labs) |
17,246,331,784 |
18,256,488,280 |
5.9% |
14,986,314,925 |
-17.9% |
15,578,365,349 |
4.0% |
13,283,267,769 |
-14.7% |
| Religious |
3,905,058,545 |
3,824,382,602 |
-2.1% |
4,320,567,862 |
13.0% |
4,976,124,626 |
15.2% |
5,852,497,851 |
17.6% |
Hospitals/
Clinics |
16,682,003,412 |
17,620,332,683 |
5.6% |
21,913,230,123 |
24.4% |
24,848,659,622 |
13.4% |
26,966,755,739 |
8.5% |
Nursing/
Assisted
Living |
1,887,999,761 |
2,874,165,190 |
52.2% |
4,067,603,898 |
41.5% |
5,894,216,676 |
44.9% |
7,621,318,969 |
29.3% |
Libraries/
Museums |
2,874,549,440 |
3,246,192,442 |
12.9% |
4,711,551,135 |
45.1% |
7,412,719,033 |
57.3% |
9,375,230,658 |
26.5% |
Schools/
Colleges |
45,542,793,298 |
49,456,329,317 |
8.6% |
53,040,305,976 |
7.2% |
52,652,439,643 |
-0.7% |
53,943,550,266 |
2.5% |
| Military |
2,243,356,285 |
2,354,839,359 |
5.0% |
1,733,237,674 |
-26.4% |
2,236,708,725 |
29.0% |
2,225,517,087 |
-0.5% |
TOTAL
INSTI-
TUTIONAL |
73,135,760,741 |
79,376,241,593 |
8.5% |
89,786,496,668 |
13.1% |
98,020,868,325 |
9.2% |
105,984,870,570 |
8.1% |
Misc.
Non
Residential |
2,114,102,696 |
1,878,807,262 |
-11.1% |
1,750,092,705 |
-6.9% |
1,992,917,690 |
13.9% |
1,970,301,754 |
-1.1% |
HEAVY
ENGINEER-
ING |
59,453,508,799 |
79,465,016,132 |
33.7% |
86,043,869,310 |
8.3% |
86,820,366,211 |
0.9% |
83,812,901,462 |
-3.5% |
Roads/
Highways |
18,036,730,485 |
31,010,666,016 |
71.9% |
33,296,224,330 |
7.4% |
33,803,166,116 |
1.5% |
33,459,886,995 |
-1.0% |
Other Civil
(Airport,
Bridges,
Dams/
Marine,
Water/
Sewage) |
27,797,640,226 |
32,109,870,589 |
15.5% |
37,509,049,548 |
16.8% |
37,452,502,742 |
-0.2% |
34,648,605,618 |
-7.5% |
Misc.
Civil |
13,619,138,088 |
16,344,479,527 |
20.0% |
15,238,595,432 |
-6.8% |
15,564,697,353 |
2.1% |
15,704,408,849 |
0.9% |
RESI-
DENTIAL |
267,775,581,955 |
294,439,287,643 |
10.0% |
293,261,813,249 |
-0.4% |
289,461,755,746 |
-1.3% |
309,854,233,963 |
7.0% |
| Apartment |
34,769,509,783 |
39,498,380,542 |
13.6% |
42,549,746,184 |
7.7% |
42,200,638,379 |
-0.8% |
45,852,395,930 |
8.7% |
Single
Family |
233,006,072,172 |
254,940,907,101 |
9.4% |
250,712,067,065 |
-1.7% |
247,261,117,367 |
-1.4% |
264,001,838,033 |
6.8% |
TOTAL
CONS-
TRUCTION |
491,903,937,087 |
553,889,284,280 |
12.6% |
580,485,497,391 |
4.8% |
590,941,243,784 |
1.8% |
617,768,805,056 |
4.5% |