CONSTRUCTION SPENDING REACHES HIGHEST LEVEL SINCE DECEMBER 2009 AS PICKUP IN PRIVATE NONRESIDENTIAL AND RESIDENTIAL BUILDING OVERRIDES PUBLIC SLUMP

WASHINGTON, D.C. – August 1, 2012 – (RealEstateRama) — Construction spending in June rose to a 2-1/2 year high as double-digit percentage increases in private residential and nonresidential construction more than offset an ongoing downturn in public construction, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials said they expect the disparity between private and public construction is likely to persist and urged policy makers to put more funding into infrastructure projects