According to FMI's Construction Outlook:
The outlook for 2008 has been revised downward for residential and upward for nonresidential construction. Nonresidential starts from 2007 will prop up put in place construction in 2008. The pain from decreasing starts in 2008 will not be felt until 2009. The outlook for 2009 has been revised downward for both residential and nonresidential construction.
Heather Jones, construction economist for FMI's Research Services returns as a guest on the Construction Business Podcast to dig into the findings of the recent report and explain some of the indicators behind the outlooks.