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Stimulus Helps Construction Spending Despite Other Decreases

  • Ashley Slovinski
  • August 3, 2010

Total construction spending experienced a small rise in June as gains in stimulus-aided public categories offset decreases in homebuilding and private nonresidential spending, AGC of America said Monday in an analysis of new Census Bureau data.

"Stimulus dollars are supporting construction jobs, but the pain is continuing for most contractors and their workers who depend on private projects or school construction," said Ken Simonson, the association's chief economist.