RCD Halves 2012 Construction Spending Forecast

RCD Halves 2012 Construction Spending Forecast

August 25, 2011

Reed Construction Data reduced its construction spending forecast for 2011-13 based on a series of negative developments in the last few weeks.

The forecast for 2011 is for a 4.8% decline; previously a 4.2% decline. Expansion in 2012 has been cut to 4.8% from 10.5%. Expansion in 2013 is now expected to be 10.2%, down from 14.4%.

Risk of a recession in the next twelve months has risen to at least 25%.

(Why RCD slashed its construction spending outlook . . . )

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White Cap has also acquired Crimson Steel Supply, LLC (Crimson Steel), a distributor and fabricator of engineered steel rebar and structural steel products serving non-residential and infrastructure end markets.

White Cap Expands Reach in Oklahoma, Oregon

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Progress included the removal of a 156-ton piece of Span 19 outside of the navigational channel, which was hoisted and loaded onto a barge and taken to Sparrows Point, Md., for future disposal.

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