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Boston Herald

US construction spending up 0.5 percent in May

July 1, 2013

WASHINGTON ? Spending on residential housing rose in May to the highest level in 4Ĺ years, helping to send overall construction spending higher despite a big drop in nonresidential activity.

Construction spending rose 0.5 percent in May compared with April when spending was up 0.1 percent, the Commerce Department said Monday.

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