December construction spending rises 0.1% | Bedford NY Real Estate

 

Outlays for U.S. construction projects rose 0.1% in December to a seasonally adjusted annual rate $930.5 billion, led by private projects, the U.S. Commerce Department reported Monday. Economists polled by MarketWatch had expected a 0.4% increase in December. Private-construction spending rose 1% in December, with a 2.6% increase for residential projects and a 0.7% decline for nonresidential projects. Meanwhile, public-construction spending fell 2.3% in December.

 

http://www.marketwatch.com/story/december-construction-spending-rises-01-2014-02-03-1091846?siteid=yhoof2

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