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Construction spending declines again in February
Total construction spending fell for the fifth consecutive month in February to 4.0% below last September and 8.5% below the peak level in February 2006. Contractors laid off 51,000 workers in March but total hours worked at job sites increased 0.5% so March construction spending may tick up slightly. Nonetheless, one or two more months of decline are likely until the end of the housing collapse permits total spending to resume rising.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
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