Non-Residential Construction Starts Up in May

June 29, 2009
The value of non-residential construction starts increased 16% in May (not seasonally adjusted), according to Reed Construction Data

The value of non-residential construction starts increased 16% in May (not seasonally adjusted), according to Reed Construction Data, Norcross, Ga., but was down 6.2% for the first five months in 2009 compared to the same period in 2008.

"Expect a mix of monthly gains and losses for the balance of the year, with average level of starts not significantly different from May," advises Jim Haughey, chief economist for Reed Construction Data. "Credit problems promise more delays and cancellations for commercial buildings and strained budget balances promise cutbacks in public building construction later this year."

Voice your opinion!

To join the conversation, and become an exclusive member of EC&M, create an account today!

Sponsored Recommendations

Electrical Conduit Comparison Chart

CHAMPION FIBERGLASS electrical conduit is a lightweight, durable option that provides lasting savings when compared to other materials. Compare electrical conduit types including...

Fiberglass Electrical Conduit Chemical Resistance Chart

This information is provided solely as a guide since it is impossible to anticipate all individual site conditions. For specific applications which are not covered in this guide...

Considerations for Direct Burial Conduit

Installation type plays a key role in the type of conduit selected for electrical systems in industrial construction projects. Above ground, below ground, direct buried, encased...

How to Calculate Labor Costs

Most important to accurately estimating labor costs is knowing the approximate hours required for project completion. Learn how to calculate electrical labor cost.