Thursday, March 6, 2014
CONSTRUCTION SPENDING POSTS BIGGEST INCREASE SINCE 2006, RISING 9.3 PERCENT FOR THE YEAR AMID GROWING DEMAND FOR PUBLIC AND PRIVATE
Date: March 3, 2014
Growth Comes Despite Harsh Winter Weather in Many Parts of the Country Economist Says; But Continued Gains Depend on New Federal Infrastructure Investments, Broader Economic Growth
Total construction spending in January posted the steepest year-over-year increase since 2006, with growth in public construction as well as private residential and nonresidential spending, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials warned that federal investments in highway repairs could decline rapidly this summer because of funding shortfalls, undermining the sector's recovery.
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Posted by Joel Salus at 10:16 AM