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ENR March 23, 2009

03/18/2009

Tight-Fisted Banks Stall Development
By Richard Korman, with Steven Setzer, Brad Fullmer, Melissa Leslie and Joe Florkowski
Few building construction companies have seen a market like this one, where weak banks hesitate to lend to anything involving real estate. Patrick Cebelak, controller of Granger Construction Co., Lansing, Mich., is resigned to the fact that "this isn't going to be a fast recovery." Most of the experts on real estate finance would agree.

Private-Buildings Sector Reels As Projects Are Postponed
Stimulus Efforts Hope To Stanch Global Slowdown
Some Agencies Release First Construction Allocations
Avoiding a Bust in Pittsburgh

Cover image: DSGpro; image manipulation by Guy lawrence for ENR; photo right by Matthew Dae Smith for ENR

2009 1Q Cost Report

Inflation Reverses Course As Recession Floors Prices
Renegotiations Make Bad Times Worse
Labor Deals with Uncertainties
Finding Cost Data on the Internet
What Drives ENR’s Cost Indexes
How To Use ENR’s Cost Indexes
View Complete Report with Data and Analysis

Headlines

Rigger Used Half the Hardware Than Crane’s Maker Required
‘Construction Challenge’ Attracts Junior-High, High-School Teens To Industry’s Many Jobs
Chinese TV Execs Feeling Heat From Beijing High-Rise Blaze
Planning Snafu Sinks Funds for $100 Million in Alabama Work
Volvo Will Pump Up Prices Due To New Emission Regulations
New York City Subway's 'Short' South Ferry Stop Gets Extended
Rail Connection to Dulles Airport Gets $900-Million Boost
AECOM, CH2M Hill Team Win London Rail Management Role
$410-Billion Bill Signed, Earmarks and All
House Approves $19.4-Billion SRF Authorization