Construction spending climbs for third straight month; more metros report job gains

Construction spending in November totaled $810 billion at a seasonally adjusted annual rate, up 0.4 percent from October and the third straight monthly gain, the Census Bureau reported on Monday [Jan. 3]. The total was down 6.0 percent from a year ago, the smallest year-over-year drop since April 2008. Private residential construction spending rose 0.7 percentfor the month and fell 5.3 percentyear-over-year, according to a Jan. 4 Data DIGest report.

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