Over the next six months, construction commodity prices will rise, prices for manufactured construction products will be steady or slightly lower and wages will fall further except in the residential market, according to Jim Haughey. Overall, U.S. manufacturing production is expanding, but improved sales will not reach construction materials until late 2010, he writes. Margins for contractors could slip lower at least through the summer before backlogs are refilled and bids become higher.

Related Summaries