You must be one of those people who needs to be told everything? I didn't need to read about it in an article you posted, I can actually make the association on my own. Let me explain; when interest rates are rising, including construction loans and mortgage rates, demand generally falls and so does construction spending.
I was pointing out the reason why construction spending has fallen. I assume you would agree, or do I have to find you an article that correlates rising interest rates to construction demand?
“A bank would never get away with what the Department of Education is doing.”
Sheila Bair