Chicago Construction Starts Expected to Rebound 18% in 2010

NEW YORK, Feb. 11 /PRNewswire/ -- McGraw-Hill Construction, part of The McGraw-Hill Companies (NYSE: MHP), has released the 2010 Chicago Construction Outlook.  After enduring a 46% decline in 2009, Chicago construction starts are projected to rebound 18% to $11.5 billion in 2010, helped by a recovery in all major construction types.

Highlights of the report conclude:

• Residential construction starts will advance 38% in 2010 to $2.9 billion, led by a 70% gain in single family housing.
• As state programs and federal ARRA stimulus funding provide aid, nonbuilding construction starts will increase 17% to $4.5 billion in 2010, with the largest benefit seen in highways and bridges.
• Nonresidential construction starts will rise a modest 7% in 2010 to $4.1 billion, a slightly brighter outlook from the downslide of 66% last year.

In addition to the 2010 forecast, the report provides in-depth construction analysis by major sector, as well as construction starts for the area dating back to 2004 in more than 10 major categories, including stores and shopping centers, offices, hotels, manufacturing buildings, educational buildings, healthcare, public works, utilities, and multifamily and single family housing.

To purchase and immediately download a copy of the report, visit http://construction.ecnext.com/coms2/analytics2report_study_CHOL2010WIN or call 1-800-591-4462 for more information.

Media may contact Lisa Jaycox at 212-512-3272 or [email protected] for complimentary copies of McGraw-Hill Construction reports.

About McGraw-Hill Construction

McGraw-Hill Construction connects people, projects and products across the construction industry. For more than a century, it has remained North America's leading provider of project and product information, plans and specifications, and industry news, trends and forecasts. McGraw-Hill Construction serves more than one million customers in the $5.6 trillion global construction industry through Dodge, Sweets, Architectural Record, Engineering News-Record, GreenSource, and 10 regional publications. To learn more, visit www.construction.com or follow @mhconstruction on Twitter.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) 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, Platts, Capital IQ, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The Corporation has more than 280 offices in 40 countries. Sales in 2009 were $5.95 billion. Additional information is available at http://www.mcgraw-hill.com.

SOURCE McGraw-Hill Construction