Construction Spending in U.S. Rose in November for Third Month
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Construction spending in the U.S. rose in November for a third straight month, boosted by funding for homebuilding and federal government projects.
The 0.4 percent increase exceeded the median forecast of economists surveyed by Bloomberg News and followed a 0.7 percent gain the previous month, Commerce Department figures showed today in Washington. The median estimate called for a 0.2 percent rise.