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- Electrical Basics

Thinking Outside the House

Published Thursday, December 01, 2005

By August 2005, single- and multi-family housing comprised 56% of all construction spending for a total of $404 billion. This record year, tracked by the U.S. Department of Commerce, comes after a cautiously optimistic forecast at the end of 2004 that predicted the end of the residential housing boom. Expecting long-term interest rates to rise, which would put an end to the hike in construction revenue driven by the residential housing market, economists anticipated that the bulk of 2005's construction growth would come from gains in private non-residential and public construction. This led to conservative projections — from ...

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in this issue

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