Construction Spending Rises; Highway Construction Falls

The U.S. Census Bureau announced that construction spending was estimated at a seasonally adjusted annual rate of $1,257.0 billion, 0.8 percent (±1.2 percent) above the revised October estimate of $1,247.1 billion. The November figure is 2.4 percent (±1.5 percent) above the November 2016 estimate of $1,227.0 billion. 

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LaHood Calls for Infrastructure Plan

Jan. 3, 2018  – Ray LaHood, former U.S. Secretary of Transportation and the current co-chair of the bipartisan advocacy group Building America’s Future, wrote a column for Newsweek calling for support for a common-sense infrastructure plan. “In order to address the dire condition of our infrastructure and start creating jobs, we need a bipartisan and strategic plan that provides long-term funding,” he wrote. “Revitalizing…

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