Construction Spending in September Slips for Second Month in a Row

November 3, 2014
Construction spending decreased for the second consecutive month in September as declines in public and private nonresidential construction, as well as multifamily projects, offset growth in single-family home building, according to an analysis by AGC of America. Association officials said the new spending figures underscore how challenges current market conditions are for many firms. "These data show that construction gains remain fragmentary and volatile, even though industry employment has been picking up in more states," said Ken Simonson, the association's chief economist. "Many categories of spending rose sharply over the past year but month-to-month changes have been mixed." Read the full release here.
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