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ARTICLE · 02 MARCH 2015

Construction Expected To Increase In 2015

Burr & Forman LLP
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About ten years ago, during the real estate boom, construction contractors and almost every facet of the American economy linked to construction industry were experiencing substantial profits...

United StatesReal Estate and Construction
Peter Vilmos
Peter Vilmos

About ten years ago, during the real estate boom, construction contractors and almost every facet of the American economy linked to construction industry were experiencing substantial profits and a backlog of work and/or orders. When the real estate market crashed, demand for construction plummeted. When owners wanted to build, they often experienced significant difficulty financing new construction projects. The combination of a flat or decreasing economy and a tightening financial market had a significantly negative impact on nearly every facet of the construction industry. Recently, however, the construction industry has rebounded nicely. Even better news for the industry is that trends continue to show current and projected growth.

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