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Construction Spending Continues Year-Over-Year Growth Despite Dip in July

Construction spending in July maintained consistent year-over-year growth despite a pullback from the June peak, according to an analysis of new federal data released today by the Associated General Contractors of America. 聽Association officials said they expect the disparity between private and public construction to persist unless Washington acts to fix infrastructure funding challenges and pass long-delayed measures. 鈥淭he July spending numbers send a very mixed message,鈥 said Ken Simonson, the association鈥檚 chief economist. 鈥淐onstruction of new homes, apartments and most private nonresidential structures appears to be driving gains in construction activity even as the public sector continues to drag on broader sector growth.鈥 Read the full press release . The news was covered by聽including , , , , , and .