News

Total Construction Spending Up 0.4 Percent to $812 Billion in August

Total construction spending edged up 0.4 percent between July and August to $812 billion, driven by increases in public construction activity including stimulus and base realignment projects, according to an analysis of new Census Bureau data released today by ÎÚÑ»´«Ã½. Association officials cautioned, however, that private residential and nonresidential spending both continued to shrink as private-sector demand for construction remains extremely weak. Read press release . The news was covered by the and the , among others.