Wells Fargo 2009 Construction Industry forecast

Released today, the Wells Fargo Industry Forecast is based on interviews with more than 900 construction contracting and distribution executives. These folks always do a great job with the numbers. If your business needs a crystal ball, this is about as close as you’re going to get. Key quote:

“While 2009 is shaping up to be a challenging year, most contractors (73 percent) and equipment distributors (63 percent) who foresee a decrease in construction activity see a turnaround coming 12, 18 or 24 months from the time of survey in October 2008. The largest share of these distributors (28 percent) and contractors (22 percent) predict that improvement will come 12 months from the time of survey.”