As summer gave way to fall, some economic indicators suggested the Great Recession was ending, and yet many architects continue to struggle in an environment that provides only scattered reasons for optimism.
Much of the gloom can be explained through numbers. For example, the Dodge Index from McGraw-Hill Construction, which measures all current construction activity in the U.S., from homes to highways, has stood at an average of 85 for 2009, which is far below the average of 135 for 2007. “And if you adjust for inflation, it’s even worse,” says Kim Kennedy, an economist with McGraw-Hill Construction Research.
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