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2013 Construction Industry Forecast

What areas of construction are projected to see a decline this coming year?

There will be less housing and retail projects in 2013. Overall, a decline in public spending is expected.
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Spending on highways and streets will likely drop off due to uncertainty across all levels of government. Federal stimulus monies will taper off while state and local governments are expected to dial back their budgets to deal with reduced revenues. In the long term, however, an aging infrastructure will require attention, and should necessitate spending on roads and highways.
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