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Construction Spending Hits Record High

Friday, Jan 05 2018
Economics
Written by  TPB News

Construction spending rose to a “record high” in November thanks to public and private outlay gains. So reports Reuters.

Construction spending rose 0.8% to $1.257 trillion in November and was up 2.4% year over year. Spending on private residential projects reached its highest level since February of 2007. The gains are in line with a recent jump in homebuilding and economic growth.

Read the full article from Reuters. 

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