Friday

LA Times Construction News

From the LA Times: "The current rate of construction should be accepted as a 'new mentality' for builders, who pushed up the pace of building to near-record levels from 2003 to 2005, Nevin said."

"'That type of massive increase bent the industry out of shape,' he said. 'It caused lot and land prices to wildly accelerate, material and labor costs to skyrocket and trade contractors to throw away their standard profit-measurement tools.'"