CONSTRUCTION SPENDING INCHES UP IN APRIL AS GAINS IN PRIVATE NONRESIDENTIAL SEGMENTS, HOME IMPROVEMENTS OFFSET WEAKNESS IN HOUSING, PUBLIC SECTOR

WASHINGTON, D.C. – June 2, 2011 – (RealEstateRama) — Construction spending inched up for the second straight month in April, 0.4 percent – following downward revisions to the March spending figures – thanks to increases in private nonresidential and home-improvement spending, the Associated General Contractors of America reported today in an analysis of new Census Bureau data. Association officials noted, however, that the gains were tempered by sluggish homebuilding and declining levels of public investment in construction