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Friday, November 2, 2012

Single Family Posts Gains

Total construction spending rose 0.6 percent in September to
an $851.6 billion annual pace and is up 7.8 percent on a yearago
basis. Residential outlays continue to be a bright spot, with
single-family now up 25.7, year over year. Single family outlays
increased for the sixth consecutive month and mirror modest
housing market improvement and improving builder
sentiment. Multifamily and home improvement also increased.

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