Slowdown Among Pines

摘要

Northern Arizona's once-active volcanoes could serve as models for the economic state of the local construction industry. Solid markets have melted away. Financial backing has dissolved in vapor and ash. While no one knows how long this formerly explosive market will remain dormant, experts agree it won't stir soon. "It took a while to get into this situation," says Ronald Gunderson, a Northern Arizona University economics professor for more than 30 years and a frequent adviser to regional community and economic leaders. "To correct it will take time as well."