CONSTRUCTION SPENDING DIVERGES IN DECEMBER WITH SLUMP IN PRIVATE NONRESIDENTIAL SECTOR, MIXED PUBLIC WORK, AND BOOM IN HOMEBUILDING
Demand for Nonresidential Construction and Public Works Will Decline Amid Ongoing Pandemic Concerns, Worsening State and Local Budgets as Association Officials Call for New Recovery Measures Construction spending in December exhibited sharply varied trends, with downturns from a year earlier in every private category, mixed results for public construction, and double-digit increases in residential construction, [...]