Construction Spending Drops to Six-Year Low

February 2010
Heating/Piping/Air Conditioning Engineering;Feb2010, Vol. 82 Issue 2, p15
The article reports on the impact of the decline in construction spending on the unemployment rate in the U.S. It cites that the declines in construction spending will lead to many layoffs in almost all construction firms in the country. Associated General Contractors (AGC) of America Inc. says that the spending on construction projects dropped to a six-year low of 903 billion dollars. AGC has noted that the situation will get worst if there is no new investments in infrastructure projects.


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