Construction Spending Increases By 0.5 Percent In October As Gains In Public Outlays, Home Renovation Offset Declines In Other Private Work

Spending on projects underway in October climbed by 0.5 percent from September, led by a huge increase in residential improvements and a small pickup in public works, according to an analysis of new government data that the Associated General Contractors of America released today. Association officials noted the results are...