October saw construction spending at 37-month high

The rise in construction spending in October marked a 37-month high -- beating expectations -- according to a report by the Associated General Contractors of America. Spending rose 1.4% in October over September figures, with the multifamily housing sector up by 53% since October 2011 and even the weak public sector's numbers inching upward in October.

View Full Article in:

Press-Enterprise (Riverside, Calif.) (free registration), The · Reuters · Bloomberg

Published in Briefs: