Nonresidential construction poised to pick up in 2005.

From: Mortgage Banking | Date: July 1, 2005 | Copyright information

AFTER YEARS OF TRAILING BEHIND ITS RESIDENtial counterpart, look for the varied segments of private, nonresidential construction to continue to gain strength and steal the limelight in 2005, predicted the Associated General Contractors of America (AGC), Alexandria, Virginia.

But even as the residential segment is positioned to experience a slight, short-lived decline--due to gradually rising interest rates and higher materials costs--don't expect any single aspect of private, nonresidential building to dominate. Instead, look for moderate and steady nonresidential growth ...

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