YEAR-OVER-YEAR GAINS IN PRIVATE CONSTRUCTION OUTWEIGH PUBLIC SECTOR CUTS DESPITE SECOND STRAIGHT MONTHLY SPENDING DOWNTURN IN FEBRUARY

WASHINGTON, D.C. – April 2, 2012 – (RealEstateRama) — Construction spending in February topped year-ago totals by 5.8 percent as a double-digit increase in private construction offset a small drop in public sector spending, according to a new analysis of federal data released today by the Associated General Contractors of America. The gains occurred despite a 1.1 percent decrease in spending from January to February and a dip of 0.8 percent the month before, based on revised data