2003 Construction Market to Drop 1%

A solid housing market, educational construction and continued growth in the public works sector will continue to offset the soft office and industrial markets, said Bob Murray, vice president of economic affairs for McGraw-Hill's Construction Group, at McGraw-Hill's Outlook 2003 meeting, held Oct. 23 in Washington, D.C.

Murray expects total construction to decline 1 percent in 2003, after registering a 1-percent increase in 2002. Murray said the U.S. economy is experiencing a “fragil

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