Ailing infrastructure should be a top priority: economist

Sep 14, 2012 | 09:23 AM | Michael Cowden

Tags  MSCI Economic Summit Forecast 2013, Metals Service Center Institute, construction, Bernard Markstein, Reed Construction Data, Toll Brothers, infrastructure, Michael Cowden

SCHAUMBURG, Ill. — The long-bedraggled U.S. construction sector might be showing signs of life, but more needs to be done about the nation’s crumbling infrastructure, according to one economist.

Residential and nonresidential construction fell steeply after the 2009 recession, but both sectors are now seeing limited recovery, Bernard M. Markstein, U.S. chief economist at Reed Construction Data Inc., Norcross, Ga., said.

"Looking forward, there is improvement, but nowhere near where we were before the recession," he said during a Sept. 11 presentation at the Metals Service Center Institute’s Economic Summit Forecast 2013.....

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