Construction spending edges up

A construction crew with United Construction Group builds a home Thursday afternoon at the Granville subdivion in Prescott Valley. :Cindy Barks:The Daily CourierBy Dees Stribling | MHN Online

The Census Bureau reported on Thursday that U.S. construction spending during November came in at an annualized rate of $934.4 billion, or 1 percent higher than the revised October estimate of $925.1 billion. That’s the highest level since March 2009, when spending was dropping with the deepening of the recession. The November 2013 figure is also 5.9 percent above the same month a year ago, according to the bureau.


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