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Weakness Persists in the Construction Industry

Posted on Apr 01, 2010 under Construction News | No Comment

Even though many export-oriented activities strengthened, weakness persists in the U.S. construction market. The Commerce Department announced construction spending dropped 1.3 percent in February to a seasonally adjusted annual rate of $846.23 billion. This is the lowest level in over seven years as well as the fourth consecutive month of decline. Builders are expected to cut spending by as much as one percent. The construction industry continues to be a challenge for the economic recovery and there are not many indications that this decline has reached a bottom. So it looks like it’s going to take a little longer for the construction industry to rebound from the Great Recession.

US Highways Will Likely Become Congested Again

Posted on Mar 06, 2010 under Construction News | No Comment

The Great Recession’s effect on the economy may have helped to clear some of the country’s roads temporarily, but when the economy recovers and the stimulus package for construction projects takes effect, you can expect even worse delays. If you do not have satellite radio in your car, now could be a great time to consider it since there will likely be more time spent in traffic. Now might be a good time to think about installing it, as you’re likely to be spending more time on the raod stuck in traffic slowdowns and delays. Rising gas prices and many lost jobs during the recession of 2009-2010 helped to decrease the number of vehicles on the road, congestion is expected to worsen as people return to the country’s highways. Stimulus-funded construction projects will create a slew of bottlenecks. This is according to the latest National Traffic Scorecard from Inrix, a Microsoft spinoff that tracks congestion across the country using GPS data from commercial vehicles.

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