U.S. 2018 construction spending rises by least in 7 years

U.S. CONSTRUCTION spending posted the smallest annual increase since 2011 in December. / BLOOMBERG NEWS FILE PHOTO
U.S. CONSTRUCTION spending posted the smallest annual increase since 2011 in December. / BLOOMBERG NEWS FILE PHOTO
NEW YORK - United States construction spending posted the smallest annual increase since 2011 as homebuilding slowed amid higher borrowing costs and a glut of apartments in some areas. The value of construction put in place increased 4.1 percent in 2018 to $1.3 trillion, according to a Commerce Department report Monday that was delayed by…

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