Construction market to contract in 2008-09

November 2008
Las Vegas Business Press (10712186);11/3/2008, Vol. 25 Issue 44, p19
The article reports on the forecasts of McGraw-Hill Construction on the decrease in overall U.S. construction starts for 2009. According to McGraw-Hill Construction, construction projects are deffered and financial stress gradually eases and construction constructs are expected to decline 7% in 2009 following a 12% decline predicted for 2008. It is forecasted that single family housing for 2009 will be decreased 2% in dollars.


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