Ed Sullivan, live from World of Concrete
January 19, 2011 – Edward Sullivan, chief economist with the Portland Cement Association is no longer bullish on a fast rebound for the cement market. Speaking at the World of Concrete in Las Vegas, he said that he believes the gains originally forecast for 2011 will not transpire until 2012, or beyond. He noted that mortgage foreclosures continue to be a detriment to residential construction, and the commercial market is overbuilt with high vacancy rates, so there is no great opportunity for expansion there. He is also not as positive as others in the industry that the current Congress will act on an adequately funded federal infrastructure bill.
Published: Wednesday, 19 January 2011 14:34
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