City Scoop: New York, Northern New Jersey and Long Island
| Construction Starts |
Rich Data From McGraw-Hill Research & Analytics |
| TOTAL CONSTRUCTION |
Actual
2009 |
Actual
2010 |
Actual
2011 |
Forecast
2012 |
Total Construction
|
| ($ Millions) |
|
|
| NONRESIDENTIAL |
| Commercial & Manufacturing |
| Stores & Shopping Centers |
| Office & Bank Bldgs |
| Hotels & Motels |
| Other Commercial Buildings |
| Manufacturing Buildings |
|
| $12,028 |
$12,211 |
$16,977 |
| $5,890 |
$5,545 |
$8,962 |
| $1,008 |
$505 |
$678 |
| $2,627 |
$3,044 |
$3,342 |
| $1,111 |
$125 |
$397 |
| $1,053 |
$1,803 |
$4,487 |
| $92 |
$69 |
$59 |
|
| $12,232 |
$10,971 |
| $7,224 |
$6,413 |
| $803 |
$1,428 |
| $2,840 |
$2,640 |
| $682 |
$745 |
| $2,734 |
$1,453 |
| $164 |
$147 |
|
| INSTITUTIONAL |
| Education Buildings |
| Healthcare Facilities |
| Other Institutional Buildings |
|
| $6,139 |
$6,666 |
$8,016 |
| $3,827 |
$3,743 |
$3,689 |
| $1,117 |
$689 |
$827 |
| $1,195 |
$2,234 |
$3,500 |
|
| $5,008 |
$4,558 |
| $2,830 |
$2,532 |
| $732 |
$666 |
| $1,446 |
$1,359 |
|
| RESIDENTIAL |
| Single Family |
| Multifamily |
|
| $9,395 |
$5,089 |
$5,049 |
| $2,604 |
$1,839 |
$2,031 |
| $3,250 |
$3,250 |
$3,018 |
|
| $5,622 |
$6,422 |
| $1,784 |
$1,906 |
| $3,838 |
$4,516 |
|
| TOTAL NONBUILDING |
| Highways & Bridges |
| Other Public Works |
| Environmental Public Works |
| Electric Utilities |
|
| $10,360 |
$8,388 |
$7,822 |
| $2,817 |
$3,220 |
$3,371 |
| $3,220 |
$2,513 |
$1,907 |
| $3,768 |
$1,725 |
$1,804 |
| $555 |
$930 |
$741 |
|
| $6,344 |
$6,227 |
| $2,115 |
$2,487 |
| $1,542 |
$1,181 |
| $1,363 |
$1,950 |
| $1,324 |
$608 |
|
 |
Total Picture Activity This Year Hovers Near Last Year's Level With Only Slight Declines in Some Sectors Upticks in utilities, public works, multi- and single family, stores and hotels are not enough to offset overall losses.
.
|
| Firms in Focus |
Skanska USA 75-20 Astoria Blvd.,Queens, N.Y.
|
|
president/CEO: Mike McNally Employees: 9,400 Founded: 1971 all around the town: Skanska USA’s projects include the $61-million Intermediate/High School 404 in Long Island City, Queens, as well as the Croton Water Filtration Plant in the Bronx.
|
 |
Tom Lewis US Operations Group VP
The Louis Berger Group
"Right now, what's going on in the industry is impacted heavily by Hurricane Sandy," Lewis says. Lewis, who is based in Morristown, N.J., says the storm will likely increase public-private partnerships in the state. Aside from the storm, an urban development trend is growing in N.J. and N.Y., because properties near public transit are becoming more desirable, Lewis says. "It makes sense to start building up, rather than sprawling out, near transit stations, especially in Long Island where traffic is so bad," he adds.
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