Tag: residential construction: Page 12

Total construction will be down in 2009 (13 percent), 2010 (7 percent)

According to “FMI’s Construction Outlook: Second Quarter 2009” report, the forecasts total construction in 2009 and 2010 will be down 13 percent and 7 percent, respectively. “Last quarter the outlook for construction was described as just plain ugly and unfortunately, this still holds true,” notes FMI in a press statement about the release of its […]

January 6, 2010

Housing stats sink even further

November’s numbers are grim. Housing starts are down almost 19 percent from October, and down 47 percent from November 2007. Nobody I’ve read is willing to predict where the bottom of this market is, but housing experts say there are still several years’ worth of adjustable rate mortgages coming up on their balloon dates. Those could hamstring the […]

December 16, 2008

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