US construction spending up 1.5 percent in January

WASHINGTON (AP) — U.S. construction spending increased in January by the largest amount in eight months as weakness in home building was offset by a solid rebound in nonresidential activity.
Construction spending increased 1.5 percent in January, the biggest gain since May, following a 0.6 percent increase in December, the Commerce Department reported Tuesday. The advance pushed total spending to a seasonally adjusted $1.14 trillion in January, the highest level in more than eight years.
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