Wednesday, December 19, 2007

This doesn't look good


The economic slowdown is starting to show its' face here in the Northwest. I don't have the figures on what the average rates of forclosures are for any given year, but I've seen a shift in project delays, postponments and cancellationsin construction in just the last month. I'm seeing holds or cancellations in projects that had been planned years ago. Add to this the spending necessary to repair the recent flood damage that will take money away from other building projects, well you get the idea.

No comments: