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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,251
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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.
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