On April 27th, I attended a Design-Build Institute of America Mid Atlantic chapter meeting at Ft. Myer, VA. The 2010 Economic Outlook in the Construction Industry (with a key focus on the Washington, DC region) at The Officers' Club at Fort Myer to by Dr. Stephen Fuller of George Mason University . The full presentation can be found here: 2010 Economic Outlook Construction.
The takeaways for me were a few simple points:
1. The top economic indicators are trending in the right direction. This is a positive thing.
2. We are not out of the woods yet – there will be ups and down in the rest of 2010 (or someone adding too many zeros to a stock sell order).
3. By 2011 the turn around will be well under way.
4. Do everything you can today to get your business in order and build up resources.
For Centennial I had the clear sense we are doing all the right things (have been since before the economic issues, during them, and still are).
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