Engineering, Construction & Building Materials industry review Q3-2007; RSM EquiCo Capital Markets

Construction Overview

According to the McGraw Hill Construction Outlook, overall new construction in the United States is expected to drop by 6% to $641.4 billion in 2007. Single-family housing is likely to decline, with renewed expansion not expected until 2008. Institutional buildings are expected to gain 7%in value, with biggest gains in the public-building category and continued strengthening of education and healthcare facilities. However, the 2007 infrastructure and public construction markets continue to be helped by relatively healthy state and local finances, as well as appropriations by the federal government. Read More.