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Construction Spending Flat in October

Calculated Risk... | Tue, 12/01/2009 - 11:31am | construction spending, economic indicators |  9 comments

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We started the year looking for two key construction spending stories: a likely bottom for residential construction spending, and the collapse in private non-residential construction. It appears residential construction spending may have bottomed, although any growth in spending will probably be sluggish until the large overhang of existing inventory is reduced.
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