AEC Leaders – Is it (Really) the Economy, Stupid?
Yes, the economy stinks. Not for all of course, but most sectors of the US economy remain weak, uneven, and uncertain. Moreover, many economists now believe that both low growth and ongoing uncertainty could be with us – for a good long while. Ken Simonson, Chief Economist of AGC – the Associated General Contractors of America – recently characterized April’s modest rise in construction spending as “deceptively positive,” [http://news.agc.org/2011/06/01/construction-spending-figures-highlight-how-government-funding-cutbacks-are-limiting-industrys-recovery/] – pointing to weakening public sector demand and the still slow residential construction market as important underlying factors. Simonson further noted that the relatively flat construction market was “uneven” – a […]