Industry News

Residential construction spending drops 2% in ’06

Schools, highways benefit from increased funding
Published on Jan 31, 2007

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by CareyBot

The estimated total value of construction spending in 2006 was $1.2 trillion, which is about 4.8 percent higher than construction spending in 2005, the U.S. Census Bureau announced today. Private residential construction spending in 2006 was $630.3 billion, which is ...