Construction spending climbs for fifth month to new record

• February 1, 2018
• realestate
• Business & Markets, Real Estate, Real Estate Finance, Your Real Estate Life

The Commerce Department reported a 0.7% gain in construction spending in December, and a 2.6% advance over the last 12 months. That’s the fifth monthly gain in a row and a record high.

November’s previously reported 0.8% gain was revised lower to show a 0.6% increase.