Construction spending levels enter fourth quarter at seven-year high

Source: Associated General Contractors of America, Washington, D.C.

Construction spending in September reached a level last seen in March 2008 and climbed at the fastest rate since early 2006, according to an AGC analysis, which also found that nonresidential project outlays declined by 0.1 percent between August and September as growing workforce shortages likely impacted the volume of work contractors were able to perform for the month.

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