US Construction Spending up 1.8% in July

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The AP reported that U.S. Construction is up by 1.8% in July.  This is the highest jump in two years.  All major categories of construction showed growth.

The July rebound pushed to a seasonally adjusted annual rate of $981.3 billion.  This is the highest since December 2008.

Construction spending is now 8.2% highers than it was this time last year.

 

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