Hurricane Fabian-inflicted structural damage superheated an already hot construction industry, according to The Bottom Line magazine, which is out tomorrow.

The upcoming issue focuses on the construction and real estate industries. It reports that construction companies say that while the sector is booming they are coping with the added demand.

The sector had already been unexpectedly busy with business and residential developments. A forecast slowdown after the completion of ACE and XL headquarters had not transpired.

Construction boss Alan Burland of BCM McAlpine, described the industry as close to overheating, but said the situation should pass by the summer, when repairs to the major hotel properties damaged in the hurricane should be completed.

The magazine also reports in a separate story that the sought-after three-bedroom family home is now averaging a $1 million price tag as real estate prices continue to rise.

The introduction of major residential developments in north Hamilton is an important change in the real estate environment. It marks a major shift in direction in the local residential market as the Island moves away from the stand-alone, single-family dwelling.

On a separate subject, this issue also addresses the ?Creed of Greed? accusation which has been repeatedly leveled against Bermuda by the Senator John Kerry campaign, in a series of articles that address the Island?s history and role as an insurance centre, as well as the financial implications of corporate inversion.

Look for The Bottom Line magazine in tomorrow?s Hamilton area , and it will also be available at selected outlets throughout the Island.