By John Galt May 2, 2011 The report for March Construction Spending from the Census Bureau this morning reflected another poor showing this month. Private construction was down 11% from 2010 levels which indicates that the spring season has not brought any relief to the industry. Particularly interesting beyond the drop in residential construction are the sharp declines in lodging, office, commercial, and manufacturing which plainly displays the lack of faith American corporations have in this “recovery” whereas they are not investing in expanding domestic…
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