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Commerce Dept. Says New Construction Increases 7.1% YTY in January to $827 Billion

Construction spending during Jan. 2012 was estimated at a seasonally adjusted annual rate of $827 billion, 0.1 percent below the revised December estimate of $827.6 billion, according to the Department of Commerce. The January figure is 7.1 percent above the Jan. 2011 estimate of $770 billion.

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