Construction spending was mixed in October as a rebound in residential and public categories outweighed a downturn in most private nonresidential segments, according to a recent analysis by the Associated General Contractors of America. Association officials noted, however, that public investments in infrastructure remain down compared to last year while private-sector demand should remain robust amid continued economic growth. “It’s encouraging to see a rebound in public construction in recent months, but most infrastructure categories are down substantially over the past year,” said Ken Simonson, the association’s chief economist. “Meanwhile, private nonresidential construction still appears to have good prospects, assuming … Read more