I recently ran across this blog post written by John Caulfield from the Build Design + Construction blog. Pretty interesting and food for thought. What do you think?
As spending for residential and nonresidential construction has climbed, everyone’s trying to determine what the “new normal” will be. But should comparisons with previous spending peaks be relevant when we now know that some of those peaks bore little relationship to demand? – See more at: http://www.bdcnetwork.com/blog/look-history-warily-when-gauging-where-construction-industry-may-be-headed#sthash.c3qDq47o.dpuf