More on Recession
 

I can't find a link to an article by Alex Veiga, business writer for USA Today that appeared in our local rag. He reports on a Sacramento drywall company that did 30 M in'05. In a nutshell, the company did less than 15 M in '07 and is looking at a projection of 8 M this year. 26 consecutive months of less sending in residential construction as of 4/08. I guess there's still some commercial work out there.

The statement of note: "For every job lost in construction you generally lose a little more than one more job elsewhere in the economy." -- Mark Zandi, Economy.com

That's kind of a silent killer.

No matter how bad you think you have it, it's worse in Michigan.

Trust me on this.

Oh, I do. I know. I'm sure the same premise works in the auto industry and other manufacturing.

Friend of mine builds M+ houses for Owner Builders...retired Electrical Contractor, Brother in Law is also a big electrical contrator...He says construction is slow, but the guys are still working.

Wow - even Wayne double posts - now I don;t feel so baD!