Nonresidential construction spending could drop 9% this year

01/28/2009 | Dallas Morning News (free registration), The

Fewer building starts, higher unemployment and rising vacancy rates are three trends economists predict for the construction industry in 2009. In a webcast this week, Ken Simonson, chief economist for a trade industry association, said that nonresidential construction spending will fall as much as 9% this year. Jim Haughey, also a webcast participant and a construction industry economist, said he believes the nation's economy will hit bottom this summer or fall, and will not recover until the end of 2010.

View Full Article in:

Dallas Morning News (free registration), The

Published in Brief: