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To: Kenneth E. Phillipps who wrote (45687)8/29/2004 11:26:51 PM
From: CalculatedRiskRead Replies (1) | Respond to of 81568
 
There is about a 6 to 9 month delay for the construction layoffs to follow the slowdown in housing. I've discussed this extensively on Mish's thread.

Since I believe we have just seen the housing peak in the last couple of months, the layoffs should start at the end of this year / start of next year. I don't think this will impact this month's job report.