Economist: Rise in Construction Spending Shows Industry Recovering

Construction spending was up 9.6% from year-ago levels in October, based on an analysis by the Associated General Contractors of America. "Widespread gains in spending in October, along with hefty upward revisions to estimates for the previous two months, show that construction has finally come out of its long slump," said Ken Simonson, AGC's chief economist. Denver is one example of a city seeing a building boom.