11/5/2012

Construction spending in September was up 8% from last year -- the highest rise since October 2009 -- based on an analysis by the Associated General Contractors of America. Private residential projects saw a 21% rise in spending, while private construction overall increased 8.8%. However, spending on public construction fell 4.2%. "It is heartening to see the growth in total spending, but the progress remains fragile and fragmentary," said Ken Simonson, AGC’s chief economist.

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