After a raucous surge in construction in the late 1990s and the dismal pace of growth in recent years, a 1 percent forecast for growth in 2004 sounds pretty darn good.
“If you view stability as a virtue, things are working out pretty good,” said Robert Murray, vice president of economic affairs, McGraw-Hill Construction, New York, at McGraw-Hill’s Outlook 2004 Executive Conference.
The mood at the conference, held Oct. 23 at the Capital Hilton, Washington, D.C., was cautiously
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