WHAT LIES AHEAD FOR Building Materials and Products

Bohutinsky, Andrew; Galvez, Carlos
January 2009
Buildings;Jan2009, Vol. 103 Issue 1, p50
Trade Publication
The article focuses on the impact of the economic crisis on the U.S. construction industry. The losses suffered by most financial institutions have resulted in lower availability of credit, tighter credit standards, and higher borrowing costs for U.S. businesses. The credit crisis is expected to affect the level of nonresidential construction and the ability of developers to finance new building projects. According to the Federal Reserve's survey of loan officers, lending standards for commercial real estate loans have tightened significantly in 2008.


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