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US construction spending rose 0.4 percent in December (access required)

WASHINGTON — U.S. construction spending accelerated in December as building activity increased for new houses and government-backed highways. The Commerce Department said Monday that construction spending rose 0.4 percent in December. Total construction spending in 2014 increased 5.6 percent to $961 billion, with the gains slightly below the pace of 5.7 percent in 2013. Spending on single-family ...

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