Concrete Products is the leading source for Concrete Plants, Concrete Mixers, Precast, and Ready Mix news.

Mcgraw-Hill Gauges 6 Percent Drop In New Construction

In its 2007 Construction Outlook Midyear Update, McGraw-Hill reports that new construction is pacing $641.4 billion, or 6 percent below the 2006 level; single family housing activity remains in decline, with renewed expansion not expected until 2008 at the earliest; the dollar value in institutional buildings is on pace for a 7 percent gain, owing to public building and education and healthcare facility work; and, commercial office work continues to rise

Read more: Mcgraw-Hill Gauges 6 Percent Drop In New Construction

Pca Tracks 2007-09 Powder Consumption Drop, Rebound

PCA's current forecast notes that cement consumption, burdened by the housing market's hard correction, has weakened in 2007 and is trending toward a 4.4 percent drop against 2006 levels, but rebounding with a 2.2 percent gain next year

Read more: Pca Tracks 2007-09 Powder Consumption Drop, Rebound