Sandherr: Business conditions remain dire for contractors
Data released by the federal government suggests no signs of an upcoming recovery for the construction industry, industry officials say. The Census Bureau found that construction investments fell by 20.6% between September 2008 and September 2009. "These figures show just how dire business conditions are for the nation's contractors and their 6 million-plus employees," Stephen Sandherr, AGC's CEO, said. "The only green shoots contractors are seeing are the weeds sprouting around their idle construction equipment."
Building Design + Construction | 11/02
This story published in AGC SmartBrief on 11/03/2009
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