Construction spending posts biggest increase since 2006, rising 9.3% for the year

Growth Comes Despite Harsh Winter Weather in Many Parts of the Country Economist Says; But Continued Gains Depend on New Federal Infrastructure Investments, Broader Economic Growth

Total construction spending in January posted the steepest year-over-year increase since 2006, with growth in public construction as well as private residential and nonresidential spending, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC).  Association officials warned that federal investments in highway repairs could decline rapidly this summer because of funding shortfalls, undermining the sector’s recovery. Read More

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