When industry consultant FMI released its 2013 U.S. Markets Construction Overview just before last November’s election, it was with the idea that Republicans could control both houses of Congress.
With the second Obama presidency secured for four more years, the construction industry, specifically the depressed housing sector, is taking a wait-and-watch attitude before projecting definitive commitments for 2013 growth potential.
"A promise which the promissor should reasonably expect to induce action or forbearance of a definite and substantial character on the part of the promissee (the one to whom the promise is made) and which does induce such action or forbearance is binding if injustice can be avoided only by enforcement of the promise."
