The Construction Industry in the Gulf Coast is running on Vapors

The Gulf Coast is being affected by the same disease that other parts of the country have. The party appears over for the marginal brokers in the construction industry who were able to ply their wares in overheated economic times. From now on only those who are truly craftsman will be able flourish. This is good in a lot respects, there were many projects in the last ten years I have had to educate superintendents and construction managers who really were at best journeyman carpenters or grads with fresh construction technology degrees. To make it in this industry, especially in tough times, takes more knowledge and wisdom than talent alone.

Hopefully some day we will see the industry in a steady slow growth mode instead of the crazy ups and downs we have seen the last few years. But we need to take care of the hangover from speculating such as house flipping and over development of certain markets in other areas of the country brought on by federal reserve loose money and loose lending standards sponsored by our federal government. The last thing we needed was Obama curtailing the oil industry.