Tue, 03 Sep 2013 14:57:04 GMT
U.S. home builders spending in July highest since 2009
Construcion spending in July has bounced back, soaring to highest level since 2009 summer. Contractors spent 0.6% more in July up to $900,824 million, exceeding expected 0.4% increase. Contractors focus was mostly on private dwellings, which in total mounted to $334,578 million, while public construction slid 0.3% in July, dragged down by reduction in local and state investment.