Construction spending rises unexpectedly State, National, International, posted by ralph, a resident of the Birdland neighborhood, on Aug 3, 2009 at 9:50 am
WASHINGTON – Construction spending rose for the second time in three months in June as residential building increased and government-funded infrastructure projects jumped.
The report provides fresh evidence the housing sector may be recovering, while the rise in government spending was partly due to the Obama administration's $787 billion stimulus package, economists said.
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