Unmistakable signals are now appearing that the economic recovery is sustainable and t will soon lead to increasing demand for building space and facility capacity, according to the latest white paper in Reed Construction Data's 2010 Construction Forecast White Paper Series. This has already happened in many housing markets and for some types of non-residential projects in a small but growing number of regional markets. With space and facility completions continuing to slow, the space and capacity surpluses that prevent new project starts will soon be ebbing. Market by market, project type by project type, this turnabout will gradually happen over the next year.
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