CONSTRUCTION FIRMS TO MAKE SIGNIFICANTLY FEWER LAYOFFS IN 2012 AS PRIVATE SECTOR DEMAND IMPROVES, DESPITE MIXED OVERALL INDUSTRY OUTLOOK

WASHINGTON, D.C. – January 23, 2012 – (RealEstateRama) — Significantly fewer construction firms are planning to make layoffs in 2012 than at any point in the past few years according to survey results released today by the Associated General Contractors of America and Computer Guidance Corporation. The survey, conducted as part of the 2012 Construction Industry Hiring and Business Outlook, shows many firms expect key private sector market segments to expand this year even as the overall outlook remains mixed.