Condo builders face construction squeeze

Condo builders face construction squeeze: "MIAMI -- Aug. 16, 2005 -- The big question in the real estate market these days isn't how long the condo boom will last, but: How in the world are all those condos going to get built?
So many projects are in the works in South Florida and the Treasure Coast that every part of the construction industry is scrambling to line up labor and materials. Some contractors are even doing the unthinkable - turning down jobs.
Experts warn that's a sign the condo market is becoming overheated. 'Not all the projects that are contemplated now are going to get started,' said Steve Siegfried, a West Palm Beach construction lawyer. And even those that do get started might not be finished on time, he said.
Suffolk Construction is one general contractor that isn't taking on any more condo jobs. 'We've turned down $1 billion worth of work. It's the craziest I've ever seen in my 25-year career,' said Rex Kirby, president and general manager for the Florida division of the Boston-based firm."