Sub-Prime Cost Ripple Effect
 Michael Moore / ENR |
The fallout from the growing financial crisis triggered by the nation's sub-prime mortgage debacle will spread into the industry's construction cost indexes in 2008. The lingering recession in housing will undercut lumber and cement prices. Steel prices will slip as a credit crunch dampens enthusiasm in the nonresidential building markets. With prices falling, inflation will take a step back.
Related Links: ×