Lingering doubts in the minds of business executives and consumers about the health of the U.S. economy, uncertainty over the political turmoil in Washington, D.C., and weak demand may choke off any significant growth in the 2012 construction market.

That's the consensus of the construction economists at McGraw-Hill Construction Outlook 2012, held Oct. 19 in Washington, D.C. Considering the double-digit declines the industry suffered through the past three years, things could be worse than a year of no growth. But compared to the pinch-me-I-can't-believe-it's-real highs of the 2006-2008 construction market, the new normal doesn't feel so hot.

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