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Anne Donohue-Rolfe is a consultant in the Construction Practice of IHS Global Insight. IHS Global Insight provides the most comprehensive economic and financial information available on countries, regions and industries, using a unique combination of expertise, models, data and software within a common analytical framework to support planning and decision-making. Anne is the manager, lead analyst, and co-author for the company’s suite of U.S. construction products. She also manages market sizing and forecasting projects for a number of construction companies.
The current residential downturn has been the deepest and longest on record in the nation’s history. With 12 quarters of real residential construction put-in-place year-over-year declines, including 10 double-digit year-over-year drops, everyone is wondering when the market will turn up. Every new quarter brings promise of an upturn yet ends with further weakening. Just how low can the market go?