CoStar.com has an informative interview with Kenneth Simonson, Chief Economist for Associated General Contractors of America. He was not optimistic about construction cost coming down particularly because of the sustained growth in developing countries like China and India. He stated steel and asphalt are the two main materials busting commercial budgets.
Source: CoStar.com
Wednesday, September 3, 2008
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3.9.08
Labels: commercial real estate, construction cost, economy
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