April 2000: Dissecting the Construction Boom

There would appear to be no barriers to the expansion of construction in PR.  Housing, commercial buildings, and infrastructure are all riding high.  After six years, this sector seems to take on new power as it threatened to reach the $7 billion mark and posted double-digit growth.  Government megaprojects have been heralded as the main driver.  Will this hold?  And, for how long?  After all, interest rates seem to be creeping upwards and fiscal revenues are finite.  How sensitive is housing to rate increases?  Find out what ingredients explain this construction boom.