The stimulus package and the construction industry

from Reed Construction Data (3/17):

Stimulus Impact on Construction Begins in April
Mar 17, 2009 - Jim Haughey

"The $787 billion economic stimulus plan will begin to impact the construction market in April. The added federal spending is about 1-1.5% of GDP in 2009, which is only enough to reduce the severity of the recession. GDP is likely dropping at a 4-5% annual pace in the current quarter, and will still be declining faster than a 1% pace through the summer.

While a second round of stimulus spending is being discussed in Washington, the economy — and the construction market — is expected to work through the inventory cycle and be expanding by the end of the year." ...

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