Construction Economics

February 2006
ENR: Engineering News-Record;2/27/2006, Vol. 256 Issue 8, p24
Trade Publication
The article presents information on economic developments related to the construction industry in the U.S. Public construction contributed its share to overall industry growth in 2005, according to year-end construction put-in-place data compiled by the U.S. Department of Commerce. The value of new public works increased 8% last year to $247 billion, compared to a 5% increase in private nonresidential construction. Structural steel prices have leveled off after posting strong gains last year. The average price for wide-flange, channel and I-beams fell 1% during the first two months of 2006.


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