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Construction spending reaches 7-year high (access required)

Construction spending in August reached a seven-year high and climbed at the fastest rate since 2006, according to a report by the Associated General Contractors of America. Outlays in August totaled $1.086 trillion at a seasonally adjusted annual rate, up 13.7 percent from a year earlier. Spending was at its highest level since May 2008 and ...

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