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Construction materials orders, production and sales slipped lower in October and the previous few months were also revised lower. The temporary summer recovery was driven by the abrupt pickup in housing starts driven by federal home buying subsidies. The more recent cutback was the result of the delay in extending the homebuyer tax credit and the continuing decline in nonresidential construction spending. Some commercial building projects were suspended after work had started.

The materials market expansion should resume around yearend. The extended and expanded tax credit will again push housing starts higher. Nonresidential building construction starts rose 16% in November …

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Feb 09, 2010 - Insulation Feb 08, 2010 - Owners — What Should You Do About BIM? Feb 05, 2010 - Construction Spending Down 1.2% in December Feb 05, 2010 - Nonresidential Building Construction Drops 22% Since October 2008 Feb 05, 2010 - Heavy Construction Spending Declined 0.5 % in December
 

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