RCD: Heavy Construction to Weaken but Not Crash
Heavy construction market drivers remain positive and Reed Construction Data forecast yester day that while they are expected to weaken, the results may not be as dramatic as many fear. Chief Economist Jim Haughey said highway funding is likely to continue at the current level with no increase beyond the expiration of the current funding on September 30th. Other federal heavy construction funds will get little if any increase in the 2012
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