In case you haven't noticed, the housing market has gone down the tubes for 2009, and commercial work is screeching to a halt. When we talked with Tony Guzzi, president and CEO of mechanical giant EM-COR Group, a couple months ago, he made some common sense observations. Now is a bad time to depend on any customers who have anything to do with the auto industry or to think about building condos in Florida. America is over-stored, Guzzi said, which was confirmed by the news of Linens & Things, Mervyn's and Sharper Image liquidating and the Chapter 11 filings of retailers such as Circuit City. A lot of elementary schools may have been built for children who would have lived in housing that is not going to get built now, Guzzi opined.
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