By: Alison Rice / Builder Magazine
July 30, 2009
Construction economists warn builders to brace for higher prices for building materials next year.
This is one time we should be grateful for mixed messages.
According to housing economist Kermit Baker, with some economic indicators up (housing starts) and others down (consumer confidence), “we are getting conflicting signals” about the economy, “which is typically the case when we are near a turning point.”
Baker, chief economist for the American Institute of Architects (AIA) made his remarks last week in a joint teleconference with fellow economists Kenneth Simonson of the Associated General Contractors (AGC) of America and Jim Haughey of Reed Construction Data.
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