Sunday, November 8, 2009

Private Construction Activity Down More than 20%

The Associated General Contractors of America (AGC) issued a news release on November 2, 2009 reporting on the continuing decline of private construction spending over the last year.

According to the AGC, "the construction industry continues to suffer from significant delines in privately-funded construction investments, with new federal figures showing private construction investments declined by 20.6 percent between September 2008 and September 2009. The new Census Bureau figures show there's no sign of an economic recovery yet for the nation's construction industry."

The AGC also reported that publicly funded construction increased by 6.1 percent over the last year.

To read the full AGC news release, click here.

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