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Chicago Construction Outlook 2009

Exclusive Report: Chicago Construction Outlook 2009
By Kim Kennedy, Manager of Forecasting

Format: Download PDF immediately. Price: US $295.00
Pub Date: December 15, 2008

The Chicago Economy

The November 4th election of Barak Obama as the 44th President of the United States has infused Chicago with a sense of pride and excitement. His candidacy and election has garnered the windy city much attention and fanfare over the past several months, and has even boosted its prospects to win the bid for hosting the 2016 Summer Olympic Games.

However, the city and surrounding regions have failed to benefit economically from the newfound celebrity, as the metro’s close ties with the national economy are proving to be a debilitating weight on the local economy. The metro has entered a downward spiral as job losses continue to mount in the construction, financial services, and manufacturing industries

This report offers a detailed summary of Chicago’s current economic environment, construction market trends and a 2009 forecast.  Drawing upon McGraw-Hill Construction's proprietary project news data, the report details the current and expected construction starts for Chicago by building type and project size.

Chicago Construction Outlook 2009 (This is a report excerpt)

With both the public and private sectors struggling, Chicago’s construction market will follow the 2007’s 9% decline with a similar drop this year. In 2009, the weaker economic environment will force starts to decline by a more pronounced 25% to $13.7 billion. Residential building, accounting for nearly one-quarter of 2008 construction is placing a serious drag on growth as large losses in both the single and multifamily sectors weaken activity. The value of residential starts will decline 51% in 2008, but will then be followed by a modest 3% gain in 2009 to $4.5 billion.

 

Chicago Construction Outlook 2009 Report includes:

  • State of the New York Economy
  • Chicago Construction Starts
  • Residential Construction
  • Nonresidential Construction
  • Commercial and Industrial Outlook
  • Institutional Outlook
  • Nonbuilding Construction

Download PDF immediately. Price: US $295.00 

Our Money-Back Guarantee: If you are not completely satisfied, return it for a full refund within one week of your online purchase.

Other Regional Outlook 2009 Reports

New York Construction Outlook 2009 Texas Construction Outlook 2009  

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