Things are Looking UP!!

Leading economists say the strength of the U.S. and world economy in 2009 depends on the U.S. construction industry, especially the recovery of the single-family housing market and greatly increased multibillion-dollar investment in the nation’s infrastructure. 

 “We’re optimistic because we have a new administration which has spoken time and time again on the importance of investing in infrastructure,”  Tony Dorsey, media relations manager of the American Association of State Highway and Transportation Officials (AASHTO) in Washington, D.C., told CEG,  “President-elect Obama has expressed willingness to put transportation high on its agenda.” 

According to Bernard Markstein, director of forecasting of the National Association of Home Builders (NAHB) in Washington, D.C., told CEG, "We think that single-family housing starts will bottom about late spring or early summer of 2009, helping pull the economy out of recession as demand and sales pick up."

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