McGraw-Hill Construction Reduces Forecast for S.E. Retail Starts
The latest information from McGraw-Hill Construction indicates that the value of new Southeast retail project starts will decline by more than $1 billion, compared to last year.
The slump in retail sales is hitting the market for new construction of stores and restaurants. According to the latest information from McGraw-Hill Construction, the overall value of new retail starts in the four-state Southeast Construction region of Florida, Georgia, North Carolina and South Carolina will total about $3.1 billion during 2009.