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Continued homebuilding gains boost construction spending 0.6% in September

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Sizable gains in homebuilding again led to an increase in total U.S. construction spending in September.

Construction spending increased 0.6 percent to $1.094 trillion during the month, according to preliminary data from the Commerce Department.

Total spending is up 14.1 percent year over year.

Private homebuilding increased 1.9 percent to $395 billion and is now up 17.1 percent over September 2014.

Single-family construction in the private sector saw a 1.3-percent gain during the month to $222 billion, while apartment construction rose 4.9 percent to $57 billion. Single-family spending is up 13 percent over the September 2014 mark, while apartment construction spending is up 28 percent.

Total private spending rose 0.6 percent to $794 billion and is up 16 percent over the year-ago figure.