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Construction Spending Jumps To Highest Level In 4 1/2 years

Construction Spending Jumps To Highest Level In 4 1/2 years

| Dec 05, 2013 | Housing Market

According to the Commerce Department, U.S. construction spending in October reached the highest level seen in approximately 4 1/2 years. Public construction projects have helped level-out low spending on private projects with an average annual spending percentage of 0.8%, 0.4% higher than many experts had expected. Federal government spending helped aid public construction planning, jumping 10.9%. More here

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