Wall Street Journal Quotes AGC Chief Economist

The Wall Street Journal quoted AGC's chief economist Ken Simonson in the article "Home Furnishings, Home Improvement Stocks Rise on Economic Data." Read the article here. Simonson released a statement in response to Monday's construction spending report from the U.S. Census Bureau, which pointed out that new single-family construction tumbled 6.7 percent in April and new multi-family construction slumped 2.6 percent, despite the fact that total construction put in place climbed 0.8 percent. Simonson noted that the outlook would be far worse without the American Recovery and Reinvestment Act, and publicly-funded construction is almost certain to improve in the near term.