Earlier periods have had higher pea...

Earlier periods have had higher peaks still shorter spans

The passing from hand to hand construction cycle has been the tortoise to the couple previous cycles' hares -- dead and steady but more sustained. And inactive and steady wins the race.

During the brace previous construction cycles, spending peaks were reached in the fourth year. In the 1975-1981 period the peak was 28 percent higher than the trough; in the 1982-1990 circle of time the apex was 34 percent higher than the long tray

The most numerous recent trough in construction spending occurr in 1991 In the six years since, inflation-adjusted spending has