States see sharp drop in construction activity

New construction activity has declined sharply in several parts of the U.S., according to a recent report. New contracts issued on future construction in the Austin, Texas, area dropped 48% in the first eight months of 2009, for example. The number of new commercial construction contracts in August in Alabama fell 95% from year-ago levels. Meanwhile, local construction in the Kansas City area was down 35% for the year through August.

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Kansas City Star (Mo.), The · American City Business Journals · American City Business Journals

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