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I know quite a few contractors who were turning away work a year ago who now are begging for business. I think we are in the middle of "overshoot"--a lot of construction projects that were underway before the mortgage mess started. As those get completed, I don't think that there will be new work to replace them. Then the downturn will become much more apparent. There are a LOT of residential homes for sale--that market is already in trouble. It's a matter of time until it spills over into commercial and industrial. I've watched it do it before, and all the ominous signs are there.
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