Value of U.S. Construction Rose by 6% in March

The value of U.S. construction in March rose by 6% compared to March 2011 numbers. Building projects in the manufacturing and power industries contributed to an 11.5% rise in private construction. "While it is great to see private sector activity coming back to life, it is unfortunate to see declining public sector demand dampen the industry's overall growth," said Ken Simonson, chief economist for the Associated General Contractors of America.