CA Expert: Recovery, But Not Till Year End

Tuesday, March 16, 2010

UCLA's Jerry Nickelsburg.

California’s recovery is underway, but don’t expect the state’s construction activity to return to pre-recession numbers any time soon. That was the message from Jerry Nickelsburg, a senior economist with the UCLA Anderson Forecast, at the Allen Matkins Construction Trends 2010 conference held in Downtown LA last week. Nickelsburg confirmed the national recession did end last summer, with the nation’s gross domestic product up nearly 6 percent in the last quarter, but financial markets still are healing, he said. Read More

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