Residential and commercial construction spending seems to be improving. A good thing in blogger's opinion. For those interested, my guess is that the steadily rising public construction shown on the chart is due to the building of both new schools and new jails. Ohio in particular has been on an aggressive school construction program for the last decade. As noted by the leveling off of public construction spending on the chart, the bulk of the new schools have now been completed - at least in our neck of the woods. Just as an observation, those school jobs provided a safe harbor for many a tradesman during the recent difficulties. A twofer - good school buildings and good jobs. We should be thankful.
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