Growth in the residential and civil project sectors is forcing a slowdown, according to Reed Construction Data. However, the value of starts will remain at a high level, especially for nonresidential buildings, but will grow slightly less than construction cost inflation through 2008. However, the 28 percent surge in total construction starts in 2004-2005 will keep construction site activity expanding at least well into 2007.
The value of starts is projected to decline only 2 percent
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