Industry News

Real estate construction spending rises

Annualized rate for residential sector up nearly 10% since late 2004
Published on Jan 3, 2006

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by CareyBot

Construction spending during November 2005 was estimated at a seasonally adjusted annual rate of about $1.15 trillion, or 0.2 percent above the revised October estimate and 7.8 percent above the November 2004 estimate, the U.S. Census Bureau announced today. During ...