Outlook For Total Construction Remains Negative For 2009

July 2008
Supply House Times;Jul2008, Vol. 51 Issue 5, p14
Trade Publication
The article forecasts the total construction in the U.S for 2008 and 2009. FMI Corp. claimed that total construction will be down by 4% in 2008 and by 1% in 2009 based on large decreases in residential construction. It added that the condition of the sector will not be offset by gains in nonresidential and nonbuilding construction. Moreover, it stated that the decline in 2009 will be driven by a decrease in nonresidential construction for the first time since 2003.


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