October construction numbers trend down
Tom Jackson | December 1, 2008

The Commerce Department logs a 1.2 percent decline in the month of October.  The not-quite-so-bad news in all of this is that non-residential construction is only down 0.7 percent, federal construction spending was up 5.5 percent and state and local spending rose 0.3 percent. Still, with residential down for so long a lot of residential site development contractors have migrated towards commercial work, making for increasingly aggressive bidding.

There are no comments

Join the Conversation

Your email address will not be published. Required fields are marked *