Strong home market boosts construction spending

04/1/2013 | Bloomberg

Construction spending returned to growth in February, rising 1.2%, spurred by the biggest increase in home building in four years, the Commerce Department says. The gain was more than economists had predicted. "Housing, growth-wise, will be the best-growing sector of the major sectors in 2013, hands down. ... There's an inevitability that it has to go higher," said Ken Mayland, president of ClearView Economics.

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