New Summary: US construction spending risesDecember 3, 2012 @ 1:29 pm
(AP) - SPENDING RISES: U.S. builders increased their spending on construction projects 1.4 percent in October, the biggest increase since May.
HOMES DRIVE GAINS: Spending on housing construction jumped 3 percent to drive the overall gain. Spending for non-residential projects, such as hotels and shopping centers, rose only 0.3 percent, while government projects increased 0.8 percent.
OUTLOOK: Construction spending climbed to an annual rate of $872.1 billion in October, nearly 17 percent above its low hit in February 2011. But even with the gain, it remains at just half the level considered healthy.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Nature's Reality Check
We can conquer terrorism, cure cancer, but a tornado can remind us of our insecurity
Back to Work
Ten observations from practice that only a backup, middle child, left-handed QB can provide
When Obama is exasperated with the ways of Washington, he dreams of getting honest
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.