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The Downturn in the Construction Industry Impacts Everyone

By Stark & Stark

Gary S. Forshner, Shareholder in Stark & Stark's Real Estate, Zoning & Land Use Group, co-authored an article with William C. McNamara, Shareholder of Cowan, Gunteski & Co., P.A. for the February 2011 issue of New Jersey Business Magazine entitled, The Downturn in the Construction Industry Impacts Everyone.

The article discusses the impact the high unemployment rate, an increased number of foreclosures, and a reduction in spending, combined with a tight credit market, decline in housing starts, and a drop in the number of completed homes has had on the real estate and construction industries over the past several years. Mr. Forshner and Mr. McNamara also discuss the impact these factors have had on related industries such as suppliers, retailers, finance companies and insurance providers.

You can read the full article online here.

Full post as published by New Jersey Law Blog on February 14, 2011 (boomark / email).