News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Stephanie Johnston and Victoria K. Sicaras / PUBLIC WORKS / January 29, 2013
Last year, the pace of economic recovery depended on real estate and construction activity. That’s still true, but this year there’s a twist: Whether or not we drive off the fiscal cliff, appropriations to the 11 federal agencies that support public works will be cut to reduce the national deficit by at least $1.2 trillion.
The Highway Trust Fund is off the chopping block thanks to Moving Ahead for Progress in the 21st Century (MAP-21), the two-year surface transportation bill enacted in July 2012. Contractors also still have plenty of excess capacity. But greater demand for asphalt (alreadyRead More