Wednesday, November 3, 2010

Construction of buildings increased in September

The U.S. Commerce Department announced in a report that amount used on construction of buildings increased to 0.5% in September with home construction and government projects leading the way.

The amount used on home construction is increased to 1.8% but the increase was balance by spending on commercial construction which was decreased to 1.6%. Generally the non housing construction was at short level from January 2005.

The Commerce Department said the construction was started to increase 0.3% in September to a periodically altered yearly rate of 610,000 units still low but it is getting better now.

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