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Construction spending expected to drop in 2011, rise in ’12

By Nick Bjork Dolan Media Newswires After a projected decline in construction spending this year, the American Institute of Architects expects construction spending to rebound, and even increase, in 2012. According to the AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s construction forecasters, nonresidential construction spending is expected to decline 5.6 percent from a year previous ...

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