Construction Economics

June 2005
ENR: Engineering News-Record;6/20/2005, Vol. 254 Issue 24, p45
Trade Publication
The article reports that construction appears well on its way to another record year. Total construction put-in-place through the first four months of 2005 was $309 billion, according to the U.S. Department of Commerce. This was 9.1% more than the same period of last year when construction topped the trillion-dollar mark for the first time. The private markets are providing most of the momentum for construction's growth. Total private construction was 11% more than the first four months of 2004, compared to just a 3% increase in public works construction.


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