Construction labors to reach turning point - 2003-09-17
Slower than anticipated improvements in the U.S. labor markets — and the resulting negative impact this will have on nonresidential building — are at the heart of adjustments in Skokie, Ill.-based Portland Cement Association's economic forecast on cement and construction.
Among the key forecast assumptions:
Soft mortgage rate environment will adversely affect apartment demand, keeping vacancies high until the second half of 2004.
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