A recent Reed Construction Data article released data from the RCD/RSMeans Commercial Construction Expansion Index, which indicates that the volume of nonresidential construction is expected to increase in 2010. This data is based on projects in planning or currently under construction, and examines construction on a local level. On the interactive Expansion Index, metro areas are defined as either rapidly growing, expanding or shrinking, based on a twelve month projection.
Though volume is projected to increase, Reed also stated that the recession will continue through 2010. Lower than expected building operating income projections, the inability to obtain financing, and further decline in occupany rates are a few of the reasons the recession is expected to continue.
To read the article on commercial construction volume, please click here.
To view the RCD/RSMeans Commercial Construction Expansion Index, click here.
For the article on the possible continuation of the recession, please click here.
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