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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