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73% of Leading Construction Professionals Predict Housing Upturn

The economic analysts can say anything they want - I tend to listen more closely to the professionals in the construction industry and they're predicting a housing upturn. They have their finger on the pulse of the housing issue and they are more likely to be right than the guy sitting in a suit and tie behind his desk...or at the end of a long board meeting table.

It appears as though we've seen the bottom and we're on our way back up.

Members of GuildQuality,  a leading association for construction professionals, polled hundreds of industry contractors. And the results are encouraging. Check out the Confidence Index:

The contractors and construction professionals were then asked their opinion of what kind of improvement they expected within the next six months. Only 2% thought there would be a decline while a whopping 56% predicted a significant improvement.

Needless to say, this is great news for the construction and housing industry. These are the building professionals who are making deals, talking about future deals and listening to the plans and goals of other construction professionals.

For the first time in 4 years, the outlook is very good. When industry confidence increases, so does consumer confidence in the construction industry.

Dust off that hammer.