New York, NY – February 25, 2009 – At McGraw-Hill Construction’s Engineering News-Record (ENR) “Managing Construction’s Financial Crisis” conference today, experts in the building, design, engineering, construction, project finance and energy fields reviewed the recovery impact expected from President Obama’s stimulus bill with measured optimism. While the financial crisis has crushed growth in all construction sectors, opportunities for public works and infrastructure building, green building, and nuclear energy support have emerged with renewed strength.
“The stimulus is breaking the timing for what would have been a slowdown for public works and institutional construction this year,” said Robert Murray, vice president, Economic Affairs, McGraw-Hill Construction. “Instead of a 15% decline, we expect public works to show a 10% year-over-year gain due to the stimulus bill. The optimistic part is that the stimulus bill is cushioning public works, and this is a cyclical business-- It will come back.”
Due to the importance of this discussion for local builders, McGraw-Hill Construction is taking the show on the road, with “Economic Stimulus & Recovery Watch” briefings scheduled for April in San Diego (April 3), Houston (April 15), Chicago (April 22) and Atlanta (April 24). For more information, visit http://construction.com/events/.
Coverage of the conference is available at ENR.com.
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McGraw-Hill Construction connects people, projects and products across the design and construction industry. For more than a century, the Company has remained North America’s leading provider of construction project information, plans and specifications, product information, industry news, and industry trends and forecasts. In print and online, the Company offers a variety of tools, applications, and resources that easily integrate with its customers’ workflows. Backed by the power of Dodge, Sweets, Architectural Record, Engineering News-Record (ENR), GreenSource, HQ and 11 regional publications, McGraw-Hill Construction serves more than one million customers within the $4.6 trillion global construction community. To learn more, visit www.construction.com.
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Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at www.mcgraw-hill.com.
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