MCIPE Constructors - Modest Recovery Expected for US Construction Starts in 2010

ATLANTA, GA, November 18, 2010 (Press-News.org) After four years of decline, construction starts to rise 5%, according to MCIPE Constructors & Professional Engineers

MCIPE Constructors & Professional Engineers has released the 2010 US Construction Report. According to the report, foreclosure mitigation programs and stronger affordability will encourage the first signs of improvement in US construction since 2005. The American Recovery and Reinvestment Act are also providing immediate help to the US economy and construction industry. A modest recovery of 5% for US construction starts is expected in 2010.

Highlights of the report conclude:

· Construction starts are expected to grow 14% to $8.9 billion in 2010, with commercial construction rising 17% to $7.6 billion and multifamily housing declining only 1% to $1.3 billion.

· Commercial construction starts are projected to fall 2%, due to tight lending standards and falling asset prices, while institutional construction starts suffer from budget constraints at the state level, falling 8% in 2010.

· Public works continues to reap the benefits of billions in stimulus dollars, with highway construction being its largest recipient at $1.35 billion. Overall, public works will gain 36% in 2010, offsetting a 67% decline in the utilities sector, and aiding a 10% gain for non-building.
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.

Media may contact Jennifer Ross at 866-556-2360 x 112 or jennifer.ross@mcipe.com for complimentary copies of MCIPE Constructors & Professional Engineers Construction reports.

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About MCIPE Constructors and Professional Engineers

MCIPE Constructors and Professional Engineers (http://www.mcipe.com) is a leading civil and building construction company offering diversified general contracting and design/build services to private clients and public agencies throughout the world. We have provided construction services for decades and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

MCIPE offers general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. MCIPE Constructors also offers self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. MCIPE is known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.

MCIPE Constructors and Professional Engineers (http://www.mcipe.com) is a leading civil and building construction company offering diversified general contracting and design/build services to private clients and public agencies throughout the world. We have provided construction services for decades and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

MCIPE offers general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. MCIPE Constructors also offers self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. MCIPE is known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.