Not in anybody's back yard

Star Tribune Fri, 01 Feb 2008 15:36:15 GMT
Construction spending drops by record 2.6 percent in 2007

WASHINGTON - Construction spending fell by a record 2.6 percent in 2007 â€" mostly reflecting record cutbacks in home-building projects by private companies. Private companies last year slashed residential projects by 18.3 percent, the largest drop on records dating back to 1993, the Commerce Department reported Friday. Such spending was flat in 2006 and was up by 13.5 percent in 2005.

[[keywords: LandUse;Housing;Metro;]]