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US: Construction spending ‘rebounds’?

Posted on 03 May 2011

There’s no industry in more pain right now than construction. The real estate bubble extended beyond just housing — commercial real estate prices rose and fell over roughly the same period.
As a result, construction is hurting across-the-board, since too much building occurred over the past decade and there’s little need for additional structures at this time. How ugly does the construction picture look? It’s so bad that the industry might be relieved to see a measly 1.4% uptick in March construction spending……………………………………….Full Article: Source


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