At an estimated $2202 billion, the ...

At an estimated $2202 billion, the value of nonresidential building construction spending (for the pair new and remodeling/retrofit/reconstruction work) during the first nine month of 2002 was 81% les than during the same period of 2001 Spending forward commercial buildings was down steeply across the board, while construction activity upon industrial buildings plunged.
There is just no way to sugarcoat what's been happening in these privately permanent funded categories of nonresidential work--the market stinks.
The bright flaw in the nonresidential building universe continues to be