State Reports
The importance of development and construction spending is critical to the strength of the national economy. The nation’s poor economic health has resulted in diminished commercial real estate development and construction spending, contributions to the Gross Domestic Product, personal earnings and new jobs created.
The following data provides both a national and state levels for comparison of commercial construction spending, employment and personal earnings for 2010 vs. 2007, the peak.
The source of this data is The Contribution of Office, Industrial and Retail Development and Construction to the U.S. Economy 2011 Edition, published by the NAIOP Research Foundation (Link: Research).