Economists Bullish About Health of U.S. Construction Industry Next Year

Construction professionals can breathe a sigh of relief. The U.S. construction industry should post another strong showing in 2007, according to several economists who spoke at the McGraw-Hill Construction Outlook 2007 Forecast, held Oct. 27 in Washington, D.C.

Cost increases in building materials should moderate and the nonresidential segment of the construction market should make up for the decline of the housing market. Robert Murray, vice president of economic affairs, McGraw-Hill

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