So the question is, if JP Morgan is buying the Hanley-Wood portfolio, do they believe that the domestic construction industry is going to continue its double-digit growth? Or are they just capitalizing on a short-term trend? Or something more sinister?
It a question that merits asking because as the construction industry goes, so goes HW.
We're hoping it's because JP Morgan is bullish on construction since that's great news for many, many shows, not to mention the overall economy. But we're not counting on it. After all, this is high finance, which has little or nothing to do with the world we mortals inhabit.