California puts the clamps on construction

Jan. 4, 2002
California's construction activity is expected to decline over the next two years

California's construction activity is expected to decline over the next two years. Estimates for 2001 are around $61.51 million, down 2.97% from 2000. The drop represents the first annual decline in nine years.

California's construction activity is expected to decline over the next two years

California's construction activity is expected to decline over the next two years. Estimates for 2001 are around $61.51 million, down 2.97% from 2000. The drop represents the first annual decline in nine years.

According to Ben Bartolotto, director of the Construction Industry Research Board (CIRB), the state's construction volume in 2002 is forecast to total $57.45 billion, a 6.6% decrease from 2001. In two years spending will reach $57.32 billion.

All construction sectors, both private and public, are forecast by CIRB to decline in the new year with private nonresidential (commercial and industrial) building leading the way with a 10.4% drop to $15.05 billion.

Public works construction, which covers heavy-highway and public buildings, is expected to decline 7% in 2002 and by a slight 0.5% in 2003. Public works construction was the only sector showing a gain in 2001, up 5.8% from 2000. Estimates in heavy and highway construction show a rise of 2.7% ($9.78 billion).

Sponsored Recommendations

The Science Behind Sustainable Concrete Sealing Solutions

Extend the lifespan and durability of any concrete. PoreShield is a USDA BioPreferred product and is approved for residential, commercial, and industrial use. It works great above...

Proven Concrete Protection That’s Safe & Sustainable

Real-life DOT field tests and university researchers have found that PoreShieldTM lasts for 10+ years and extends the life of concrete.

Revolutionizing Concrete Protection - A Sustainable Solution for Lasting Durability

The concrete at the Indiana State Fairgrounds & Event Center is subject to several potential sources of damage including livestock biowaste, food/beverage waste, and freeze/thaw...

The Future of Concrete Preservation

PoreShield is a cost-effective, nontoxic alternative to traditional concrete sealers. It works differently, absorbing deep into the concrete pores to block damage from salt ions...