For example, F.W. Dodge, McGraw Hill, the New York researchhouse, feels a five-year drop for all commercial constructioncategories could exceed 19%, and the total annual value ofconstruction in the region will dip to $3.4 billion in 2004.
Dodge projects the value of single-family home starts will dropby 9.5% by year end to an estimated $2.05 billion, from last year's$2.27 billion. By 2004, that decline could reach 27.7%, or $1.6billion in new starts.
Karnes Research Co. of Atlanta agrees the record levels ofgrowth commercial and residential developments have beenexperiencing can't be expected to continue. That argument, howeveris no reason to expect the market won't continue to have solidgrowth, Karnes predicts.
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