Hesitant home-buyers, cautious real estate investors, the weaker fiscal standing of state and local government and a reduced demand for commercial space will pose the biggest challenges to the construction industry during the first half of 2002.
Mueller Industries' earnings for the third quarter were 51 cents per diluted share, compared with earnings per diluted share of 50 cents for the same period a year ago.
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At a seasonally adjusted annual rate of $468.8 billion, contracting for new construction was essentially unchanged from the prior month, according to the F.W. Dodge Division of The McGraw-Hill Companies.