News

Mixed Outlook for 2011, 51·çÁ÷ Says

Construction spending tumbled 2.5 percent in December to a $788 billion seasonally adjusted annual rate, the lowest level in a decade, 51·çÁ÷ 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 . The news was covered by the , and , among others.