CONSTRUCTION SPENDING EDGES DOWN IN SEPTEMBER AND IS UP MODESTLY FOR THE FIRST NINE MONTHS OF THE YEAR AMID PRIVATE-SECTOR GROWTH & PUBLIC-SECTOR DECLINES
Construction Officials Caution that Declining Public-Sector Investments in Infrastructure are Undermining Sector’s Recovery, Urge Congress to Pass Water Measure and Voters to Pass Building and Repair Measures
Construction spending remained in a yearlong holding pattern in September as declining public outlays offset strong growth in multifamily spending and several private nonresidential categories, according to an analysis by the Associated General Contractors of America. Association officials said declining investments in public infrastructure are undermining the sector’s recovery and urged Congress to act on pending water resources legislation and voters to support ballot measures designed to rebuild aging infrastructure.
To Read More Click LinkNovember 1 2016 AGC of America Press Release :