Economy
February 11, 2014
Non-Residential Construction Rebound Imminent
Written by Sandy Williams
A recovery in non-residential construction is happening said research analyst Timna Tanners, in a report by Bank of America Merrill Lynch, but the upturn for the non-residential cycle has taken longer than expected and is “less pronounced” than usual.
The last strong cycle for non-residential construction was in 2005-2007, supporting a booming housing market. The current cycle, says Tanners, is confronted by less public spending on infrastructure and tight credit conditions.
