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Housing carries the load - Back Page

* With August numbers for of recent origin construction contracts calculated, McGraw-Hill Construction Dodge, of recent origin York, is reporting continuing power in home building and ongoing weakness in greatest in quantity commercial, industrial and infrastructure segments

In August itself plane new housing starts retreated slightly (by 1 percent) while commercial and infrastructure sections reported even less new contract activity. "The housing market continues to be robust, and commercial building appears to be stabilizing following the stretch outed declines witnessed a year ago," says Robert A. Murray, vice president of economic affairs for McGraw-Hill Construction Dodge. "At the same time, roll pressures are now having a certain number of dampening impact on both institutional building and public works."

the pair the single and multi-family housing categories have take delight ined a strong 2003, with Dodge reporting "little negative event on either home buyer demand or construction" caused by dint of the modest interest rate rises in August. C&DR



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COPYRIGHT 2003 G.I.E. Media, Inc.

COPYRIGHT 2004 Gale Group



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