Building Materials: How Big a Stimulus Boost?Thomas Nadramia
Much as Standard & Poor's Ratings Services expected, commercial construction activity declined in the latter half of 2008, primarily because of the normal lag after a residential downturn. However, this drop was much faster and deeper than previously anticipated. As a result, U.S. building-materials companies are now grappling with continued depressed residential end markets and rapidly falling commercial construction activity.
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