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Thursday, April 24, 2008

Report: Office construction Declined 28% in March

by Calculated Risk on 4/24/2008 10:20:00 PM

From the WSJ: Economy, Credit Woes Take Toll On Builders' Grand Plans. This story is mostly about some major commercial real estate projects being put on hold, but there is also this tidbit:

Office construction plunged 28% in March across the U.S., compared with February ... according to an April report published by McGraw-Hill Construction, a trade publication.