Stabilizing Economy in California Gives Construction a Boost

NEW YORK, Feb. 11 /PRNewswire/ -- McGraw-Hill Construction, part of The McGraw-Hill Companies (NYSE: MHP), has released the 2010 California Construction Outlook.  "The turnaround in the California economy will be beneficial for construction, which will rebound 21% to $42.7 billion in 2010," states the report. "This is a welcome change after four consecutive annual declines in construction starts."

Highlights of the report conclude:

• Single family starts are expected to rise 40%, and multifamily housing will increase 22%, demonstrating strong overall gains of 37% in the residential sector.
• Commercial and industrial construction starts will retrench by 11% to $4.2 billion in 2010 due to the shrinking job market, weakening tourism, and an excess of industrial capacity.
• Institutional starts are expected to rise 11% in 2010 to $12.9 billion.
• Public works and utilities projects are estimated to gain 34% in 2010.

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_CAOL2010WIN 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

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