Stimulus Helps Construction Spending But Pain Continues for Others

Total construction spending eked out a small rise in June as gains in stimulus-aided public categories offset decreases in homebuilding and private nonresidential spending, AGC said Monday in an analysis of new Census Bureau data.  AGC called on Congress and the White House to quickly enact legislation to provide long-term funding for public infrastructure spending and certainty for private construction. "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. Read the press release here.