The report said construction outlays rose a stronger-than-expected 0.3 percent to a $843.2 billion annual rate in the month. The pace of residential construction, at $421.1 billion, set a record, the department said.
Construction spending rises in November
Spending on new construction rose in November, boosted by
continued gains in residential housing and greater outlays for road and
school construction, the the Commerce Department reported recently.
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