Construction Spending Maintains Strong Rate of Year-Over-Year Growth in November even as Spending Slips Compared to a Month Earlier
Construction spending slipped in November from a month earlier but maintained a strong rate of year-over-year growth in all major categories, according to an analysis by the Associated General Contractors of America. Association officials noted that the new spending data demonstrate a lot of uncertainty within the private sector about the need for new projects while state and local government officials are worried about budget constraints.