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November 2, 2012

Apartment construction up 49% over past year

  • A 2.8% rise in home building helped boost U.S. construction spending by 0.6% in September.
    • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — U.S. builders spent more on home construction in September, a gain that helped offset weakness in nonresidential building and government projects.

    Construction spending grew 0.6 percent compared to August when spending had fallen 0.1 percent, the Commerce Department said Thursday.


     
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