Spending con construction totaled $807 million in November
2011, the highest level since June 2010, the Associated General Contractors of
America reported.
Citing U.S. Census bureau data, the AGC said home building,
private nonresidential and public construction projects all increased during the month. But the good news may be short-lived, the association said, due
to planned cuts in federal construction programs and delays in passing infrastructure
bills.
“Several segments of construction appear to be climbing out of a hole,” said
the AGC’s chief economist, Ken Simonson. “The new year should reinforce recent
year-over-year gains in apartment, power, manufacturing and private
transportation construction. But November’s upturns in single-family
home building and public construction may not be sustainable.”
