Construction spending dips in Minnesota, mirroring national trends
Spending on construction projects continues to decline in Minnesota, with one industry report showing a 36% drop in the dollar value of nonresidential construction through the end of October from year-earlier levels. The trend is pervasive throughout the U.S., and even governments and nonprofits are struggling to get bonds approved to finance construction projects. Experts say they do not expect a recovery in the construction market any time soon.
Star Tribune (Minneapolis-St. Paul, Minn.)
| 12/14
This story published in AGC SmartBrief on 12/15/2008
|
AGC SmartBrief
Designed specifically for contractors and construction executives like you, AGC SmartBrief is a FREE e-mail newsletter delivered 4x/week. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition. Learn more |
|