Building Materials: How Big a Stimulus Boost?

In the 14 May 2009 Business Week S&P Ratings News, Thomas Nadramia writes on how the drop in construction spending was faster and steeper than anticipated; and how stimulus funds might help the industry’s recovery. He notes that original stimulus estimates would be close to $300 billion for infrastructure; but that the actual impact may be closer to $130 billion. A focus on roads and water is apparent. And states like California and Texas are sure to benefit more than others.