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Paul Stillwaggon, Luxury New & Pre-Owned Homes in Central NJ

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Construction Outlook Report > Market to Increase 11% in 2010,

11-04-09
Paul Stillwaggon, Luxury New & Pre-Owned Homes in Central NJ

It's more good news for the construction industry. McGraw-Hill Construction's 2010 Construction Outlook forecasts an increase in the level of construction starts in 2010 is expected to climb 11% to $466.2 billion, following the 25% decline predicted for 2009. McGraw's Outlook, a mainstay of business planning for construction and manufacturing executives, says the increase will result from improvement for housing from extremely low levels and broader expansion for public works.

NJ Estates
Real Estate Group

Paul Stillwaggon
November 2009
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"The U.S. construction market in 2010 will be helped by growth for several sectors, following three straight years of decline that brought total construction activity down 39% from its mid-decade peak," said Robert A. Murray, vice president of economic affairs for McGraw-Hill Construction. "The benefits from the stimulus act will broaden in scope, lifting not just highway construction but also environmental public works and several institutional structure types. With continued improvement expected for single family housing, after reaching bottom earlier this year, the overall level of construction activity should see moderate expansion in 2010." Highlights of the 2010 Construction Outlook include:

  • Single family housing for 2010 will advance 32% in dollars, corresponding to a 30% increase in the number of units to 560,000 (McGraw-Hill Construction basis).

  • Multifamily housing will improve 16% in dollars and 14% in units, after steep reductions in 2008 and 2009.

  • Commercial buildings will drop 4% in dollars, following a steep 43% drop in 2009. The weak employment picture will further depress occupancies, making it even more difficult to justify new construction.

  • Institutional buildings will begin to stabilize after losing momentum in 2009. Square footage will retreat another 2% after sliding 23% this year. The dollar amount of construction for this sector will edge up 1%, helped by a growing amount of energy-efficiency upgrades to federal buildings and continued strength for military buildings.

  • Manufacturing buildings will drop 14% in dollars and 3% in square feet, hampered by the substantial amount of slack manufacturing capacity.

  • Public works construction is expected to rise 14%, given more wide-ranging strength across all project types.

  • Electric utility construction will slip 3%, continuing to settle back after a record high in 2008.

The 2010 Construction Outlook was presented at the McGraw-Hill Construction Outlook Executive Conference in Washington, DC, which brought together top management from all parts of the construction industry including firms involved in building product manufacturing, architecture and design, contracting, engineering, industry associations and other industry professionals. At the event, Frank Giunta of Hill International and George Pierson of Parsons Brinckerhoff offered insights to an industry emerging from the crisis:

"The stimulus funds are meant to be just that, a stimulus, not the be-all-end-all answer to infrastructure financing," said Frank J. Giunta, senior vice president and managing director of Hill International. "Both public and private sectors need to be innovative and rewrite the rules of project finance to address tremendous construction needs with minimal financing options."

"The efforts of the federal agencies at transparency and their willingness to engage with private industry is refreshing," said George J. Pierson, chief operating officer, Parsons Brinckerhoff. "We have to work together to meet the challenges of infrastructure and this economy." Working together and meeting the needs of the real estate consumer will help the construction and building industries revitalize in 2010 and continue to grow years thereafter.

[Note: For more information on the 2010 Outlook, go to www.mcgraw-hill.com.]


Written by Peter L. Mosca
November 4, 2009

Linking the latest technology to old fashion service. Our realtor's commitment, pride and extensive specialized knowledge has earned us a strong position in the market and we invite you to call NJ Estates Real Estate Group when buying or selling a home, @ (908) 561-5492. -- Contact Us


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NJ Estates Real Estate Group
Weichert Realtors
908-561-5492
55 Stirling Road, Watchung, N.J. 07069

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20 Estate Lots Available Spring 2010 to Custom Build in # 6 Warren Twp. NJ

11-03-09
Paul Stillwaggon, Luxury New & Pre-Owned Homes in Central NJ
ONE OF THE BEST, IF NOT THE BEST SUBDIVISION
IN WARREN TOWNSHIP, MONEY'S # 6 BEST PLACES TO LIVE
WE WILL HAVE FINAL APPROVAL AT SLEEPY HOLLOW OF WARREN
STARTING IN SECTION # 2, LOTS 27.06 TO 27.14
CALL PAUL STILLWAGGON 908-310-1358 (CELL)



CLICK ON PICTURE FOR MORE INFO



CLICK HERE FOR MORE INFO
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3 Elite Properties LLC, Luxury New Homes/2 Open Sun 12-4,Warren Twp. NJ Area

10-31-09
Paul Stillwaggon, Luxury New & Pre-Owned Homes in Central NJ
LUXURY HOMES READY TO MOVE IN
1 TO 2 MONTHS IN WARREN & WATCHUNG AREA OF NJ

CALL PAUL STILLWAGGON 908-310-1358 (CELL)


CLICK ON LOGO & PICTURES FOR MORE INFO


CLICK HERE FOR MORE INFO (SOLD)
http://www.newjerseyestates.net/indwd106.htm




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http://www.newjerseyestates.net/indok126.htm



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http://www.newjerseyestates.net/indstfd2.htm


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    5 Luxury Open Houses by NJ Estates Real Estate Group, Warren Twp, NJ Area

    10-30-09
    Paul Stillwaggon, Luxury New & Pre-Owned Homes in Central NJ
    OPEN SUNDAY 1-5 CLICK ON PICTURES FOR MORE PICTURES & COMPLETE INFO/ FLOOR PLANS
    MORE OPEN HOUSES & DIRECTIONS IN LINKS BELOW

    Click for information sheet         		French Inspired Estate
    [6 Bedrooms, 4½ Baths]
    52 Geiger Lane
    Warren, Somerset County, NJ     		$1,900,000
    Click for information sheet Luxury New Home Avail. 60 Days
    [6 Bedrooms, 5½ Baths]
    126 OAKWOOD ROAD WEST
    Watchung, Somerset County, NJ     		$1,849,000
    Click for information sheet New Home Avail. 60 Days
    [4 Bedrooms, 3 Baths]
    91A MORNING GLORY ROAD
    Warren, Somerset County, NJ     		$800,000
    NJEstates.net for luxurious and prestigious homes - Frames Reset
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    For further information Phone:
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    Cell: (908) 310-1358


    		 You can Email us at:
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    We are located at:
    55 Stirling Road,
    Watchung, NJ 07069

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    3 Luxury Special Homes in the Watchung Mtns. of New Jersey, Open Sun 12-4

    10-27-09
    Paul Stillwaggon, Luxury New & Pre-Owned Homes in Central NJ
    COME JOIN US FOR A TOUR OF SOME BEST CONSTRUCTION AND
    DETAIL IN THE WATCHUNG MOUNTAINS OF NEW JERSEY

    DIRECTIONS IN LINKS BELOW ALONG WITH MORE LISTINGS
    AND COMPLETE TOWN AND SCHOOL INFORMATION

    New Colonial
    [5 Bedrooms, 3 Baths, 2 Half Baths]
    95 MOUNTAIN AVE.
    Gillette, Morris County, NJ     		$1,300,000 (Open Sun)
    This traditional country Colonial is timeless in design while capturing an understated elegance that whispers unparalleled craftsmanship. A paver walkway invites you to relax on the front porch, just before entering this, “American Dream Home”. Thoughtfully designed and customized, the first floor master suite opens onto a private area to enjoy your morning coffee.
    Every detail in this outstanding home has been thought out with the utmost of care. There are five generous sized bedrooms, 3 full and 2 half baths and a spacious breakfast room with French doors that fill the room with sunlight and lead to the rear patio where you’ll find yourself sur- rounded by your own private oasis. No stone was left unturned when it came to careful planning which includes a walk-out basement, secondary staircase to a private bonus room and steps to the attic for easy storage. It’s just a short walk of .7 miles to the Gillette train station for all your needs and the train can take you to New York City for work or play.

    Luxury New Home Avail. 60 Days
    [5 Bedrooms, 4½ Baths]
    2 STRATFORD COURT
    Warren, Somerset County, NJ     		$1,700,000 (Open Sun)

    The look of prestige is captured eloquently in this stately Custom Colonial constructed by "Elite Properties L.L.C. "We are privileged to offer the last of the homes in "Brentwood Estates". Thoughtfully planned to provide the ultimate lifestyle which mirrors the same integrity and unmistakable air of elegance as this gracious cul-de-sac was intended. Soaring ceilings and detailed moldings captures your eye as you enter through the grand foyer. The first impression in just a taste of what lies throughout the entire residence. Each of the thirteen rooms is dramatically proportioned and offers endless closet space. As you approach this residence, the paver driveway, stone and stucco exterior, all nestled among mature trees, will beckon you inside.

    French Inspired Estate
    [6 Bedrooms, 4½ Baths]
    52 Geiger Lane
    Warren, Somerset County, NJ     		$1,900,000 (Open Sun)

    This magnificent French inspired Manor gives you a sense of culture as you enter the cul-de-sac property. Those who appreciate outstanding features will marvel at the unsurpassed detail coupled by the finest of materials. Encompassed by stately homes and a large tear drop driveway, the exterior of the home is harmonious with the unparalleled sophistication of the outstanding interior. A nine foot wrought iron double door boasts glass windows specially selected for a spectacular presentation. A stone terrace extends from many of the beautifully appointed rooms. Coffered and domed ceilings and walls are often accented with hand painting beckoning you up the gentle flow of the stairwell turret. As in any piece of art, new outstanding features will be noticed every time you walk through this "one of a kind” residence.


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    Our Testimonial Letters
    Going Green/ Complete Info

    Follow us on Twitter

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