STIMULUS, BASE REALIGNMENT, OTHER FEDERAL PROGRAMS DRIVE TOTAL CONSTRUCTION SPENDING UP 0.4 PERCENT TO $812 BILLION IN AUGUST

WASHINGTON, D.C. – October 1, 2010 – (RealEstateRama) — 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 the Associated General Contractors of America. Association officials cautioned, however, that private residential and nonresidential spending both continued to shrink as private-sector demand for construction remains extremely weak.


More info...

SHARE
Avatar

Located in the Metropolitan Washington, DC area, The Associated General Contractors of America (AGC) is the leading association for the construction industry. Operating in partnership with its nationwide network of Chapters, AGC provides a full range of services satisfying the needs and concerns of its members, thereby improving the quality of construction and protecting the public interest.

Contact:

Associated General Contractors of America
2300 Wilson Blvd., Suite 400
Arlington, VA 22201

Phone:(703) 548-3118 - Local
      (800) 242-1767 - Publications

Fax: (703) 548-3119

Previous articleSecretary Napolitano Highlights DHS Recovery Act Projects Creating Jobs, Rebuilding Infrastructure, and Enhancing Security
Next articleHUD PROVIDES RENTAL ASSISTANCE TO 4,300 PERSONS WITH DISABILITIES