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October 7, 2008

Construction activity was flat in August

WASHINGTON (AP) — Construction activity was unchanged in August even though spending for residential projects posted the first increase in 17 months, a rare bit of good news in the midst of the worst housing downturn in decades.

The Commerce Department last Wednesday said construction activity was flat in August, a better-than-expected outcome than the 0.5 percent fall that economists expected.


 
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