Education Construction Report
The annual Official Education Construction Report (last conducted in 2009) is a detailed survey of chief business officials at the nation's school districts and colleges, asking about construction completed and forecasted. The data are broken out by institution type, region and size, and projected across the education universe.
Spending on construction by the nation's education institutions increased in 2008, reversing four years of declines in total annual expenditures.
Spending on construction by the nation's school districts and colleges slowed in 2007.
Construction spending by education institutions topped $36 billion in 2006. While strong by historical standards, it represents the third consecutive year that total spending on construction dropped from the year before.
Total construction spending by education institutions in 2005 pulled back from the robust amounts posted over the first half of the decade.
As construction spending by school districts reached an all-time high in 2004, colleges reined in their aggressive pace.
The amount of construction put in place in 2003 by the nation's education institutions reached an all-time high, even as spending in other areas was curtailed significantly.
Education construction remained one of the few bright spots in an otherwise lackluster economy.