Despite a sharp increase in house sales in June, the monthly pace of sales was still the second lowest on record, according to the U.S. Dept. of Commerce. June sales rose to an annual rate of 330,000, up from a record low of 267,000 in May. The rebound in the housing market hit a wall when tax credits for buyers ended in April.
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.