Friday, October 25, 2013

When winter comes...

This is the time of year when companies start to "re-balance" their workforce. This happens every year without fail.

Last night it occurred to me that California's economy is being slightly distorted by construction. We are in the driest January to October period in 160 years. The construction window has been open much longer this year than anytime in my entire life. Spring showers never materialized.. There has really been very little rain since December.

We have a major stadium project in Santa Clara that is more than half way done, and a BART extension in Fremont. These are all one time events. It's hard to tell how complete the BART extension is because it's already late - but from what I can see of the work - I'd gauge it to also be half completed.

Construction activity obviously pulls back in winter. Draw your own conclusions.

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