To determine the severity of the re...

To determine the severity of the recession's impact forward the construction industry, the Banking Industry Task Force of the Associated General Contractors of America reviewed committee members of its Building Division in late October.
According to William Angelo, Building Division director, sum of two units alarming trends were documented according to the survey: 20 percent of respondent have had construction loans raided on the owner for other uses, and 31 percent knew of situations in which developer have construction loans on the contrary cannot convert them to