Reed Construction Says Project Starts To Fall

Norcross, GA, Sept. 15, 2009--Reed Construction Data senior economist Jim Haughey is forecasting a decline in construction spending and project starts in the next six months.

In a column on the Reed website, he says this period will be followed by cautious expansion in an economy that is expanding but is not recording the usual above average growth at this stage of the business cycle.

He says materials and equipment sales will resume growing next year but suppliers will be operating with substantial excess capacity.

For 2011 and beyond, he says the Reed Construction Data forecast tentatively assumes that the President Obama's spending plans will be largely rejected.