Construction Spending Grows Significantly in Second Quarter

WASHINGTON (AP) Spending on construction ventures around the United States increased in July to the highest level seen since the beginning of the year, a promising sign for the economy's anticipated second-half rebound.

The Commerce Department reported Sept. 1 that the value of building projects under way clocked in at a seasonally adjusted annual rate of $879.8 billion in July, representing a modest 0.2 percent increase from June's level.More...

Construction Spending Grows Significantly in Second Quarter