Thursday, November 1, 2012
Construction spending in September was up 0.6%, and in line with expectations. As these charts show, construction spending on both nonresidential and residential structures is up 14% from last year's low. After years of a disastrous decline, construction is now expanding faster than the overall economy. The sector is still very weak, but on the margin things are getting better.
Posted by Scott Grannis at 9:42 AM