Value of New Construction Ends 2010 10.3 Percent Below 2009 Levels

In one final punch in the gut for 2010 to construction economists and others who track construction statistics, the Department of Commerce said construction spending during Dec. 2010 was estimated at a seasonally adjusted annual rate of $787.9 billion, 2.5 percent below the revised November estimate of $807.8 billion. The December figure is 6.4 percent below the Dec. 2009 estimate of $841.8 billion. The value of construction in 2010 was $814.2 billion, 10.3 percent below the $907.8 billion sp

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