October 22, 2013 by Stephen
Construction spending increased to an adjusted annual rate of $915 billion, with an increase of 7.1 percent above the previous August, which was led by private residential building. This improvement in the construction industry is due to the housing recovery over the last year. Lodging construction also had solid growth in the month of August.
September 4, 2013 by Stephen
According to the The Chronicle of Higher Education, research presented at the Association for the Study of Higher Education has shown that state expenditures on college construction for higher-education does not coincide with the rise or fall of the economy. The study has also shown that college construction spending tended to rise in the best and worst of times, while tending to fall when the budget for state spending was fairly stable. According to James C. Palmer, who oversees an annual survey of state higher-education spending and is a professor of higher-education at Illinois State University, says “The new study shows the planning of capital projects is a different beast than the planning of annual budget cycles that the states go through.”
May 1, 2012 by Stephen
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