Share “New Summary: US construction spending rises”

New Summary: US construction spending rises

Published on NewsOK Modified: December 3, 2012 at 3:29 pm •  Published: December 3, 2012
Advertisement

SPENDING RISES: U.S. builders increased their spending on construction projects 1.4 percent in October, the biggest increase since May.

HOMES DRIVE GAINS: Spending on housing construction jumped 3 percent to drive the overall gain. Spending for non-residential projects, such as hotels and shopping centers, rose only 0.3 percent, while government projects increased 0.8 percent.

OUTLOOK: Construction spending climbed to an annual rate of $872.1 billion in October, nearly 17 percent above its low hit in February 2011. But even with the gain, it remains at just half the level considered healthy.


AROUND THE WEB

  1. 1
    Man arrested for threatening to 'kill all white people' in La Plata, Md.
  2. 2
    11-year-old shoots, kills suspected home invader
  3. 3
    Pentagon Now Says Army Mistakenly Sent Live Anthrax to All 50 States
  4. 4
    The FBI Now Needs a Warrant To Use Its Phone-Sniffing Stingray Boxes
  5. 5
    Baylor DE Shawn Oakman suspended for opener against SMU
+ show more

FEATURED JOBS



× Trending business Article