Sunday, July 18, 2010

Predictions about U.S. Construction Industry Recovery

In an article posted on Reed Construction's site on July 15, 2010, Jim Haughey, RCD's Chief Economist, authored an interesting article which gives insights into the "recovery" of the construction industry in the U.S.

Here's the title of the article:

Building Construction Recovery to be Strongest in Northeast and California
Insight and Analysis of Construction Industry Trends
Jim Haughey
RCD Chief Economist
Jul 15, 2010

Here's the introduction to the article:

Southern New England, New York, California, South Florida, Washington-Baltimore and four long depressed Midwestern cities will have strongest recovery for building construction, excluding single family housing, according to the May Expansion Index from Reed Construction Data. The index also suggests that the relatively hot housing markets in Texas recently will not cause a quick and strong recovery in Texas nonresidential construction.

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You can read the full article at this Internet address:

Joel's comments:

Also, you might want to save this Internet address for your future reading pleasure. This is the Internet address for "Notes from Jim Haughey" (the author I mentioned above who is Reed's Chief Economist.

As to ALL economists .... Right after I read "current" articles (opinions and insights), I find it interesting to go back and read earlier articles they wrote, simply to gauge if their predictions and/or opinions bore out.

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