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Uptrend in US construction spending driven by residential

2 Jan 2013 by Jim Fickett.

Today the Census Bureau reported US construction spending through November. There was a slight decrease in overall spending in November, but no indication of a break in the general uptrend. The uptrend is clearly driven by residential, as both private non-residential and public spending have been roughly flat for some time.

These data are supportive of continued recovery.

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