2006 Should Be Busier

January 2006
ASHRAE Journal;Jan2006, Vol. 48 Issue 1, p8
Academic Journal
The article reports that nonresidential building construction in the United States is likely to grow by 11.2 percent in 2006 and 12.3% in 2007. In 1995, nonresidential building construction grew by 6.1 percent. According to Jim Haughey, director of economics at Reed Business Information, the country is witnessing periods of improvement for both commercial and institutional building. He added that the growth is driven by the availability of financing. Health care is a big steady market that is affected both by the availability of money and demographics. Both aspects look very positive. Although the pressure on prison capacity has diminished, areas with high population growth may need new facilities. Manufacturing sector has performed very well and the growth is evident across all industries. Retail sector is not improving as much as hotels and offices.


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