Construction Spending Ends 2012 on High Note

Construction spending in December rose 0.9%, for a total increase in spending of 9.2% in 2012.

The Commerce Department reports that construction spending in December rose 0.9%, while November ended had a 0.1% rise in spending.

Overall 2012 had a total growth in spending of 9.2%, the highest gain since 2005. Multifamily construction had one of the highest gains, with 6.2%.

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