Industry News

Real estate construction spending soars

Annual spend climbs nearly 9% above 2003 level
Published on Feb 1, 2005

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by CareyBot

Construction put in place spending during December 2004 was estimated at a seasonally adjusted annual rate of $1.03 trillion, approximately 1.1 percent above the revised November estimate of $1.02 trillion, according to the U.S. Commerce Department’s Census Bureau. The December ...