Private construction grows, but other building stagnant
Quick ReadSome Long Island builders are expressing cautious optimism about increased private construction here.
Photo credit: Kevin P. Coughlin | Developer Leonard Axxin , left, and planner Lou Palmieri, of Island Estates Homes, work inside a nearly completed home in Port Jefferson Station. (June 1, 2010)
Some Long Island builders are expressing cautious optimism about increased private construction here as the federal government Tuesday said construction spending nationwide grew in April by the largest amount in nearly a decade.
However, local and state groups said public construction in New York was at a standstill and commercial real estate markets, especially office properties, were still...
