excepting for a few short weather-r...

excepting for a few short weather-related deviations, construction spending for educational facilities has been stuck at a $75 billion annual rate for a year. Now a recent period of expansion is look fored to begin at the close of the year and dilate at least into 2006.

The two-year spending pause began when the recession reduc the amount of construction foundations available from taxes, donations, and investment earnings. Now that restraint is being lifted in a rapidly expanding economy.

This increased spending will be a gradual proces through several years. However, there is a large