Nonresidential construction activit...

Nonresidential construction activity showed encouraging signs of life through the whole extent of the first half of this year. Commercial construction, while still carrying capacityed by the high vacancy rates and abaseed property values that are the legacy left from the foolhardy overbuilding that occurr during the '80 began to stabilize. Institutional construction slowed -- largely befitting to a reversal of fortunes for publicly financed exhibits -- but inexorable demographic forces make an absolute decline almost inconceivable.

The value of of recent origin nonresidential construction completed during this year's first