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U.S. Construction Spending Jumps

U.S. Construction Spending Jumps

| Sep 11, 2014 | Housing Market

Construction spending has increased significantly in the United States, reaching levels not seen in over 5 1/2 years. Private construction jumped 0.7% as the housing market and the economy continue to make huge strides. Overall construction spending jumped 1.8%, reaching an annual rate of $981.31 billion according to the Commerce Department. Data suggests that the increase in residential construction is made up of new home construction and also home improvements. More here

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