CONSTRUCTION SPENDING CONTINUES YEAR-OVER-YEAR GROWTH DESPITE DIP IN JULY AS PRIVATE NONRESIDENTIAL AND RESIDENTIAL BUILDING OFFSET PUBLIC DECLINE

WASHINGTON, D.C. – September 4, 2012 – (RealEstateRama) — Construction spending in July maintained consistent year-over-year growth despite a pullback from the June peak, 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 to persist unless Washington acts to fix infrastructure funding challenges and pass long-delayed measures.