The Traverse City Record Eagle is reporting that construction spending in Grand Traverse County slumped to $152.6 million in 2007, the lowest amount in more than seven years.

The article also paints a bleak picture for 2008. A representative from Traverse City based Comstock Construction Co. indicates that their business was "pretty static" from 2006 to 2007, but that they are down approximately fifty percent from a record year for construction in 2004. Comstock Construction Co.'s workforce has shrunk from 140 emplyees a few years ago to 60 workers last year.

Hopefully we will be able to cash in on all of the campaign promises which are being made by the candidates on the eve of tomorrow's presidential primary.  Although I love living in Northern Michigan, being mired in a one-state recession is getting a little old.

 

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Stefan Scholl - Northern Michigan Real Estate

Petoskey, MI

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Buyer's Broker of Northern Michigan, LLC

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Northern Michigan Real Estate news, commentary and market information published by Stefan Scholl, real estate attorney, exclusive buyer agent and broker/owner of Buyer's Broker of Northern Michigan, LLC.


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