Credit for U.S. construction is seen as tight, but improving

06/30/2010 | Reuters · Dallas Morning News (free registration), The

Even though construction companies are still facing tight credit, conditions improved in the second quarter compared with the previous quarter, according to a survey by McGraw-Hill Construction. About 40% of construction and engineering industry executives reported that financing for new projects was tougher to find than it was six months ago. But almost 90% of those surveyed predicted the industry will improve or stabilize in the next 12 to 18 months.

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Reuters · Dallas Morning News (free registration), The