Industry News

Residential real estate construction spending hits record

Total construction spend on $1.2 trillion pace for '06
Published on Apr 3, 2006

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by CareyBot

Residential construction spending increased for the eighth straight month in February, reaching $665.7 million, the U.S. Census Bureau announced today. Residential spending was up 1.3 percent from the revised January estimate and 7.1 percent from February 2005 residential spending. Overall ...