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Construction Dips After Earlier Increases

BURBANK, CA-Construction tails off in the state for the first time this year, the result of economic uncertainty, with commercial building continuing its slide.

By Bob Howard | Updated on August 04, 2003

BURBANK, CA-California’s statewide construction activity slipped in June, the first misstep since building began a comeback in the early part of the year, but the dip was small and “not totally unexpected,” according to the Construction Industry Research Board.

The Burbank-based nonprofit industry research group says the total of all types of public and private construction in California totaled $6.2 billion in June, down 1.2%, after five consecutive months in which construction increased in comparison to the same month the previous year. The numbers are all relative, of course, because “even in the months when construction totals increased this year” they still lagged far behind the numbers for the peak year of 2000.

Regarding the dip in June, the CIRB says, “a good portion of the decline can be traced to the economic uncertainties.”

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