Dodge/Sweet's construction volume outlook for 1993.
Recovery of the construction industry from its post-'80s crash was never going to be "business as usual." The excess of the previous decade--commercial overbuilding, the banking crisis, the federal-budget deficit--all meant that the upturn would take place against a backdrop unlike any seen before. Indeed, cyclical recovery within the context of structural change is a good way to look at what has happened so far in 1992, and what is expected to occur over the next several years.
Murray
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