William Waters

William Waters is vice president of CNA Surety.

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The public and private capital that funds construction either isn’t there or is sitting on the proverbial sidelines, with nonresidential construction put-in-place declining 21.8 percent from October 2008 to May 2012, according to the U.S. Census Bureau. Future indicators of construction activity like the Architectural Billing Index are trending downward in 2012 after a brief rise in the latter part of 2011. While there are indications that certain sectors are expanding (e.g., power, manufacturing and health care), the overall outlook for construction is negative in the near term. Continue »