Construction Spending Reaches Highest Level Since Dec. 2009

According to a report by the General Contractors of America, the rise in construction spending in October marked a 37-month high - beating expectations. An article on outlines the fact that spending rose 1.4% in October over September figures, with the multifamily housing sector up by 53% since October 2011. Commercial construction, including retail, agricultural and energy projects were all up as well. To learn more about this these construction spending increases, click here.