Public Construction Grows to Balance Slipping Private Nonres Spending
Despite increased spending on federal projects and residential construction, private nonresidential construction spending fell 0.1% in November, according to the January 3 report by the U.S. Census Bureau. Compared to the same time in 2009, private nonresidential construction spending is down 16.5%. In contrast, total nonresidential construction, which includes both privately and publicly financed construction, was
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