10/22/2010

The current state of stimulus spending -- with about $135 million in projects on tap -- is bolstering the construction industry, said Ken Simonson, chief economist of the Associated General Contractors of America. Construction spending is expected to rise next year, but materials costs are on their way up, as well. "We will continue to have less-than-trend growth and that's bad news for the construction industry," Simonson said.

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