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Sep 10, 2015
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Nonresidential construction spending expanded 0.5 percent in July and is up 12.7 percent on a year-over-year basis, according to a Sept. 1 release by the U.S. Census Bureau. This represents the strongest year-over-year percentage growth in spending since April 2008. On a seasonally adjusted, annualized basis, nonresidential construction spending totaled $696.1 billion in July,