Jan. 31, 2007 -- Total construction spending fell by 0.4 percent in December, while spending for the year rose by 4.8 percent over 2005, the Commerce Department said Wednesday.
Spending on private construction projects in December declined by 0.8 percent from the previous month, dropping to a seasonally adjusted annual rate of $896.8 billion, the report said.
The total value of private construction last year was $928.7 billion, a 3.3 percent increase from 2005, the report said.
- next -
How to Tell If You Have High Emotional Intelligence
7 Signs You’re Not Entrepreneur Material
The Best Age to Start a Business Is Not 25
Attractiveness Puts You on Track for Success
8 Best Industries for Starting a Business