All major segments of construction spending increased in October, bringing total spending to a 37-month high at an annualized rate of $872 billion, reports the Associated General Contractors (AGC). Total construction spending rose for the seventh Straight month in October, up 1.4% from September and 9.6% higher than in the October 2011 Association officials warned, however, that the fiscal cliff imperils future improvement in both public and private spending. For the full report, CLICK HERE.
