Mixed Outlook for 2011, AGC Says

Construction spending tumbled 2.5 percent in December to a $788 billion seasonally adjusted annual rate, the lowest level in a decade, AGC noted Tuesday in an analysis of new Census Bureau data. All three major components – private residential, private nonresidential and public construction – shared in the decline. Read the press release here. The news was covered by the Worcester Business Journal, Builder Magazine and Equipment World, among others.