World Construction Spending Nears $4 Trillion for 2004
The study assesses each countrys spending history, current construction market, rate of economic development and business risks. It also assesses the projected growth rates of each country, as well as by regional and by broad market categorization in real dollars adjusted for inflation.
The study, released in November and last published in June 2003, also assesses the largest markets by state in the U.S. "If California was a country, it would be the ninth largest market in the world," says Chris Holling, executive managing director of Global Insight.