Progress in 2010 Projected for NY Construction

NEW YORK, Feb. 11 /PRNewswire/ -- McGraw-Hill Construction, part of The McGraw-Hill Companies (NYSE: MHP), has released the 2010 New York Construction Outlook. Construction starts for the New York metropolitan area (which includes the five New York City boroughs and 18 other counties across New York, Long Island, Northern New Jersey, and Pennsylvania) are expected to grow 22% to $28.8 billion in 2010. The public works and utilities sector will lead the way with a boost from stimulus funding, increasing 30% in 2010 to $9.6 billion.

Highlights of the report conclude:

• Nonresidential construction starts will grow 15% on net in 2010, as commercial and industrial starts drop 4%, while institutional construction starts increase 24%.
• Nonbuilding construction starts are projected to improve 30% in 2010.
• Residential construction starts will recover from last year's 53% decline with a 24% advance this year.

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_NYOL2010WIN 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