Excellent writing!

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May 24, 2023·edited May 24, 2023

Well stated!

The Q2 2023 FMI Construction Industry Round Table's Sentiment Index report came out last week. 50% of survey respondents believe the U.S. economy will worsen in the next quarter. BUT in their own regions, nearly 70% think their economies will improve or stay the same.

77%(!!) predict their backlogs will improve(51%) or remain unchanged(26%)in the next quarter. Only 23% predict their backlogs will be "moderately lower". Yet a big chunk(one-third of that 77%) predict the economy will worsen. Go figure!

Might as well have included a quote from one of them saying, "Oh, things are great where I live, but the rest of the country is going to hell."

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