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Construction spending growth looks ‘solid going forward’

September 5, 2023

Construction spending levels in July suggest “no letup in demand for construction workers or private-sector projects,” said Associated General Contractors of America Chief Economist Ken Simonson in the group’s own spending report.

Still, Simonson continues to caution that progress on many public infrastructure projects are likely being undermined due to a flurry of regulatory measures from the Biden administration. “Contractors are frustrated by the slow pace of new public project awards,” he said.

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