Tuesday, December 1, 2009

Mixed bag for construction industry

As we turn the calendar and enter the final month of 2009, it's still a bit unclear where the AEC industry is headed. On the one hand, highway construction projects that were on the fast track because of the $787 billion economic stimulus package are slowing, meaning more job cuts on the horizon for that segment. On the other hand, the U.S. Commerce Department says construction spending was up slighlty in October, with an increase in home building offsetting the continued decline on the non-residential side.

So, how do you read the tea leaves? What do you see on the horizon for the rest of this year and the end of the decade over the next 12 months or so? Will we close the first part of the new millennium on a high note or do we have a dreaded W curve on the way, with another dip still to come?

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