Construction Down 27 Percent, Says AIA. Will Retrofits Make It Rebound?
If you are in real estate, you already know new building and housing starts are down. Now, the AIA has put some numbers around it. A new report shows that construction spending is down 27 percent since 2008, a loss of $300 billion in economic activity. Leanne Tobias at Greenbiz writes:
"As reported in a new study by the American Institute of Architects, construction spending in the U.S. has declined by 27 percent since 2008, an economic loss of close to $300 billion. (An additional $470 billion in construction-related spending also has been lost.) Private construction projects have been particularly hard hit, declining by more than a third, while public construction is down roughly 10 percent.

It's amazing that when Vice President Biden has so many places he could visit to highlight the use of ARRA funds in creating our future economy, he picks Serious Materials.
On March 16, 2009, Serious Energy, nee Serious Materials re-opened former Kensington Windows manufacturing plant in the small town of Vandergrift, PA with a Green Ribbon Cutting Ceremony. Joined by approximately 200 guests from near and far including Pennsylvania Governor Edward Rendell, customers, policy-makers, green building industry partners, the local community, and members of the media, the event celebrated and highlighted our collective efforts to create green American jobs and economic sustainable growth. It was indeed a heartfelt celebration for all in attendance, particularly for the 25+ former Kensington employees themselves who are now re-hired and manufacturing 
