New Building Costs Likely to Remain High: Speaker

The cost of building new retail stores is up and up to stay, an economist told attendees at FMI’s Retail Store Development conference Sunday.

BALTIMORE — The cost of building new retail stores is up and up to stay, an economist told attendees at FMI’s Retail Store Development conference here Sunday. In a keynote speech to kick off the annual conference here, John Strong, a professor of economics at the College of William & Mary, explained how mortgage woes and a weak dollar in the U.S. as well as turmoil in China, have put the world economy under stress. He said costs for items such as building materials, which have skyrocketed

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