Construction Spending Increased in August
Construction outlays rose 0.4 percent to $811.8 billion in August after falling 1.4 percent in July to $808.6 billion — the lowest level since August 2000, reports the Commerce Department.

Government projects accounted for most of the gain, while private construction slowed. Home building was down 4.9 percent, and private residential activity fell 0.3 percent for a fourth-straight decline, while single-family construction dropped 4.2 percent, and multi-family building sank 11.4 percent.

Source: American Banker (10/04/10)