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Builders up spending by 0.7 pct; signs of pressure emerge

from New Jersey Herald

U.S. builders pushed construction spending up 0.7 percent in December to a record high, though it was the weakest performance since they began to emerge from the financial crisis. The upward spending marks the fifth consecutive monthly gain, with all major sectors showing modest increases. The December increase followed a 0.6 percent rise in November, the Commerce Department reported. more

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