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Commercial construction about to pick up, according to Bloomberg report

Post Time:Mar 04,2011Classify:Industry NewsView:77

The rebound in U.S. industrial production from the depths of the recession signals commercial construction is also about to pick up, according to a March2 Bloomberg report.

Commercial builders’ fortunes may be about to turn, said Ted Wieseman, an economist at Morgan Stanley in New York. Vacancy rates are starting to drop, factory capacity -- though still ample -- is starting to be used up, and credit is becoming easier to obtain, he said, in the article.

Read related news article, "Construction industry adds 33,000 jobs in February."

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Source: http://www.glassmagazine.com/news-item/commercial/commercial-construction-about-pick-according-bloomberg-report-117706Author:

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