Retail construction spending remains strong.(Brief Article)

Through the first five months of this year, an estimated $24 billion was spent in the retail building sector for either new construction or reconstruction. This total was 11 percent greater than during January-May of 1999, and even better than the solid 6.6 percent increase in construction spending realized between 1998 and 1999.

Cahners Business Information is still convinced that the fundamentals point to some modest pullback in commercial development during the months and years ahead, following a long period of above-trend growth. So far, however, this moderation is