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Construction Slowdown Ahead

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
27 June 2000 - 6:15am

American Institute of Architects' Chief Economist discusses the outlook for the construction industry.

Kermit Baker, Chief Economist for the American Institute of Architects (AIA), discusses the outlook for the construction industry based on forecasts by the AIA Consensus Construction Forecast Panel. "All of the panelists expect the construction expansion to continue through this year, and most expect at least a little more growth next year" but the slowdown still hasn't reached its lowest point.Corporate investment has fueled the recent increases in construction spending with U.S. corporations investing profits in improving and expanding facilities.

Full Story: Construction Slowdown Coming Your Way
Source: E-Architect, June 1, 2000
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Most importantly, we should acknowledge that a consensus building event forms at one time around one cluster among many interacting issues and actions. Other efforts will and should emerge around clusters of other issues and actions.
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