You heard it here first (second if you read the NY Times). In 2011 it is anticipated that construction in and around the country should start to begin again. In the Boston area specifically, there are numerous apartment rental buildings in the works and some large private office buildings are set to get underway. While the commercial building sector is still at a stand still, the residential rental market looks strong as many "potential homebuyers" are weary of the real estate market still and opting to rent rather than buy.
How does all this news affect you? Well as we saw some nice boom times in the early to mid-2000's, the U.S. economy truly is driven by the construction industry. The more construction that is going on, the more trickle down effect should be felt regarding jobs and drop in unemployment. It may be too early to jump up and down saying the financial woes are gone, however it is a bright spot on the horizon and I for one am going to use as much optimism as I can muster because it feels much better to think positively than it does to worry.
Check out the article attached below for more information on this:
http://www.boston.com/business/articles/2011/01/02/construction_will_start_to_pick_up/
- Design is what you make it.
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