This is from a larger table presented in the McGraw-Hill Construction “Outlook 2014″ material. I am trying to share valuable info with EleBlog visitors without doing harm to MHC’s copyright.
I actually think I might be doing a good job.
Some points about this:
a. The numbers in the years 2005-2008 were a LOT BIGGER in Total Construction. You can tell that from the -24% number for 2009 (i.e., it was down 24% from 2009′s actual total).
b. Housing is 45.8% of the 2014 forecast market. The double-digit increases in housing DRIVE the +9% figure for total construction.
c. Compare the 2011 (minor recovery year) figures with the forecast for 2014:
Total construction up $70 billion.
Single-family up $74.3 billion.
Multifamily up $12.9 billion
. . . or, in other words, the rest of construction (Nonresidential private + Public Works) is forecast to be DOWN in 2014 (compared with 2011).
Source: http://electricalcontractor.com/?p=11811
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