Home > News > Industry News > S&P Sees US Commercial Construction Spending Down 14% In 2010

S&P Sees US Commercial Construction Spending Down 14% In 2010

Post Time:Sep 30,2010Classify:Industry NewsView:130

Spending on the U.S. commercial property construction will likely drop 14% this year as the sector's woes continue, according to Standard & Poor's Ratings Service in a new report Monday.

Commercial real estate continues to suffer as demand for space in offices and malls and rooms in hotels and apartment buildings remains far below pre-recession levels. Credit has tightened and values have dropped 40% from the highs of several years ago.

Read full article

Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/sp-sees-us-commercial-construction-spending-down-14-2010-106857Author:

Hot News

返回顶部