Construction spending predictions

Reed Construction Data predicts that total construction spending will increase 3.8 percent in 2008 (which will nearly match cost increases) and then gain 9.3 percent in 2009, as the housing market experiences an expansion. Residential spending will drop 6 percent in 2008 and then expand by 10 percent in 2009. Non-residential construction spending will increase 12 percent in 2008 and 8 percent in 2009. Heavy construction spending will increase 11 percent in both 2008 and 2009, which will reflect project cost increases for cement, steel, aggregates and skilled labor. Highway spending, while up 12 percent in the second half of 2007, will trail growth in the rest of the heavy construction market again in 2008. Your comment?