Construction Increase Boosts Economy

, Posted: Tue, July 3 2012 at 8:09 AM, Updated: Tue, July 3 2012 at 8:34 AM

There may be some good news for the economy and home builders.

A report released Monday by the commerce department shows that construction spending is up by the largest amount in five months, and up point nine percent in May from April.

That is the biggest percentage gain since December.

While the construction industry is showing signs of recovering, economist say the level of spending is half of what they consider healthy.

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