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Preserving
Older Buildings:
A Major Economic Force
$77.7
Billion in the Institutional Rehab and additions market.
$37.1
Billion in the Commercial/Industrial Rehab and additions market.
$47.7
Billion in the Old House Restoration and Renovations market.
Traditional
Building
represents a larger and ever-expanding share of the construction industry
pie. As the focus shifts
to include traditional neighborhood developments and the preservation of
20th century structures, industry experts predict that spending will
continue
to
soar, so that by the year 2010 it will represent 80% of the construction
market.
