Construction Spending Down 1.2% in December
Total construction spending dropped 1.2% in December but the level of spending in November was revised up. The upward revision for private construction spending more than offset the downward revision for public construction spending. This reverses the pattern in the last few months when private developer financed spending was revised down on late information about suspensions of previously started projects, says Reed Construction Data chief economist Jim Haughey.
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Construction Spending Down 1.2% in December
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