The 2020 Mid-Year Economic Update_long

Construction Markets Outlook

MDM asked economists for their take on residential, commercial and institutional construction markets. Construction supply and building materials distributors also describe how they have adjusted to the new market realities. While many still write off 2009, some signs of improvement are emerging.
Signs that the boom in the housing market were coming to an end began appearing as early as 2006. At that time, companies like ORCO Construction Supply, Livermore, CA, began preparing themselves for what they thought would be a normal market correction.
We never expected it to get this bad,"says Hal Look, senior vice president of marketing and business development at ORCO and the incoming president of the Specialty Tools &Fasteners Distributors ...

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