Annual Market Forecast a Great Success

Washington, D.C., February 26, 2007
More than 250 representatives from developer, architect and engineering firms gathered on Thursday February 8, for Tompkins Builders and Turner Construction’s Annual Market Forecast Breakfast. The Forecast was held at the National Press Club and featured renowned regional economist Dr. Stephen S. Fuller.

Following a breakfast reception, Dr. Fuller provided attendees with relevant insight in the market outlook for the Washington, D.C. Metro area in 2007 and beyond. He projected that the economy is slowly going to gain strength over the year as the residential sector stabilizes, inflation slows, and interest rates are eased, hence setting the stage for improved economic conditions in 2008. The economic fundamentals, Dr. Fuller added, are sufficiently sound so that the decline in residential construction spending, higher energy costs, and higher interest rates will not push the economy into recession.

Dr. Fuller was introduced by the President of Tompkins Builders, Ed Small, and Senior Vice President, George Kreis, who also remarked on the record setting year for Tompkins Builders. Kreis stated, “Tompkins is fast approaching its 100th year anniversary, and our position in the industry continues to solidify and strengthen.” He added, “We would like to extend our appreciation to our clients, colleagues, and friends here today for their confidence and trust in Tompkins to bring their projects to life.”

About Tompkins Builders
Headquartered in Washington, D.C., Tompkins, a wholly-owned subsidiary of Turner Construction Company, offers a full range of construction-related services in both the private and public sectors. Quality service, along with results-oriented management, and experienced personnel, provide the foundation of Tompkins’ construction practice. Today, Tompkins is ranked as one of the largest general contracting firms domiciled in the Mid-Atlantic, and the largest General Contractor domiciled in Washington, D.C. Some of the most visible illustrations of Tompkins’ work are the National World War II Memorial, the Reflecting Pool, the Gaylord Hotel and Entertainment Complex, Station Place Buildings I and II, the FDA Center for Drug Evaluation and Research, the Unified Communications Center, the Monarch and Bethesda View Condominiums.