U.S. Nonresidential Construction Market To Pick Up In Mid-2004

The U.S. nonresidential construction market may continue to see slow growth for most of the rest of 2003, but it may begin recovery by the middle of 2004 as excess capacity continues to be worked through, according to FMI’s Construction Outlook — Third Quarter 2003.

Office construction, especially in areas affected by the hi-tech slump, will continue to falter for the next 12 to 18 months. Industrial space markets have made progress toward positive absorption rates in many markets due

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