Construction Economics

June 2005
ENR: Engineering News-Record;6/27/2005, Vol. 254 Issue 25, p19
Trade Publication
This article reports that according to the U.S. Department of Commerce, the growth rate for public construction put-in-place continues to lag behind that of the private sector. Through the first four months of 2005, total public construction reached $66 billion, which is 2.6% more than the same period a year ago. During the same period, private nonresidential work increased 6.5%, to $72 billion, while the home building market grew 13%, to $172 billion. While public sector growth is not spectacular it is solid with 10 of the 13 major categories tracked by the department showing gains.


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