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Article updated: 12/3/2012 10:21 AM

US builders boost spending 1.4 percent in October

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U.S. builders spent more on home construction in October.

Associated Press

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U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing. The Commerce Department said Monday that construction spending rose 1.4 percent in October. It was the largest gain since a 1.7 percent increase in May.
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