Monday, October 09, 2006

CONSTRUCTION PRICES TO FALL?

The blog seekingalpha.com reports that today's Wall Street Journal is saying with "petroleum a key component in building materials, metals prices falling, and a softer home construction market lessening demand, many analysts expect construction costs to fall to a level that permits development to return to more cost-efficient levels." A lot of developers will be wiping their brow on this news. For the entire story jump here.

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