Global construction trends.(For Openers: Just in from the Research Department)

National Driller, March, 2008 by Ettling, Greg

McGraw-Hill Construction has issued its "Key Trends in the European and U.S. Construction Marketplace SmartMarket Report," produced in partnership with the Innovative Construction Research Centre at the University of Reading, United Kingdom. Its findings are particularly relevant, given the size of the impact construction has on the economies of the world, averaging 10 percent across the globe.

The research indicates that advances in technology, shifts in the construction workforce and increasing global competition are key concerns. The report also emphasizes the driving influence of governance and legislation, environmental pressures, global finance, new procurement methods and the increasing cost of materials.

"The financial and building trends in...

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