Find Concrete Contractors in Houston For the most comprehensive information on Repuatble concrete contractors serving the Houston texas area check out the Houston Concrete Network to tap into the largest portal of concrete contractor information in Houston Texas including iformation on concrete market trends and Cement Consumption Levels
By David Hunt, chief engineer & president of Houston Portland Cement Research Association
Houston Housing drop contributes to lower forecast for cement
When forecasting the Houston economic outlook for the industry, the Houston Portland Cement Research Association does not expect the relatively robust growth of the past three years to continue.
Houston Oil prices are expected to retreat slowly while inflation is to remain stubbornly high. Interest rates are expected to rise at a faster pace than previously thought -- both short and long term. Job growth will moderate under the dual pressures of higher oil prices and higher interest rates. Real consumer spending, accounting for more than two out every three dollars of U.S. total economic activity, will grow at a sub-3 percent rate during 2007 and beyond. These combined factors lead PCA to expect real GDP will grow 3.1 percent in 2006 followed by a sub-3 percent growth pace for 2007 and beyond.
Houston Concrete Construction outlook
Overall construction spending in Houston Tx is expected to record a 1 to 1.5 percent gain in 2007, followed by a 2 percent gain in 2008 and modest growth in 2009 and beyond. The construction outlook reflects sustained declines in residential construction offset by gains in nonresidential and public sector activity. For more information on Houston Concrete Contractors click here
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