CONSTRUCTION SPENDING SLIPS IN NOVEMBER BUT RISES FROM YEAR-AGO LEVEL; ASSOCIATION OFFICIALS PREDICT MORE PRIVATE SPENDING, LESS PUBLIC FUNDING

WASHINGTON, D.C. – January 02, 2012 – (RealEstateRama) — Construction spending dipped from October to November, but resolution of the uncertainty regarding federal taxes for 2013 should unleash more private construction investment, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials warned, however, that unresolved issues about federal construction spending, including storm relief for northeastern states, will hold down public construction spending.