National construction spending up almost 6% from November 2012

01/3/2014 | American City Business Journals

Private sector demand was one reason behind $934 billion in construction spending in the U.S. in November, based on a report by the Associated General Contractors of America. That's nearly a 6% increase from November 2012 figures, and a 1% increase from October 2013. "The outlook appears favorable for many types of private nonresidential and multifamily construction, but remains flat or negative for public spending," said Ken Simonson, AGC's chief economist.

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