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Contractors get a bit of good news

Post Time:Sep 11,2009Classify:Industry NewsView:120

The chief economist for the Associated General Contractors of America echoed a common refrain Thursday [Sept. 10]: No one's making loans to developers, so the nation's commercial construction market won't improve anytime soon.

Kenneth Simonson didn't deliver just bad news Thursday morning at the San Antonio branch of the Federal Reserve Bank of Dallas downtown.

Speaking to the San Antonio Business and Economic Society, Simonson said he expects new single-family housing construction to increase slightly in the second half of this year.

And in San Antonio, the commercial market has been largely spared because of public projects related to the military and schools, according to a Sept. 11 San Antonio Express-News report.

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