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Construction spending hits highest level since 2008, fastest growth since 2006

from Construction Equipment

Construction spending in August reached a seven-year high and climbed at the fastest rate since 2006, according to an analysis by the Associated General Contractors of America. AGC officials noted that growing demand for construction was likely to add to the challenges many firms are having finding qualified workers. Construction spending in August totaled $1.086 trillion at a seasonally adjusted annual rate, 0.7 percent higher than the July total and 13.7 percent higher than in August 2014. more

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