Economic Environment for Nonresidential Markets Worsens
June 12, 2008 - Jim Haughey
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Jim Haughey reports that the only positive nonresidential construction market drivers are office starts, construction equipment shipments and, marginally, local tax receipts. Soaring materials costs from the strong economy overseas and slumping space and facility demand from the weak domestic economy have downgraded all other market drivers to neutral or negative.