Expectations are rising for a stronger U.S. economy in 2014 after reports Thursday showed solid growth in manufacturing and construction spending at the end of last year.
construction spending rose 1 percent in November to a seasonally adjusted annual rate of $934.4 billion, the Commerce Department said. That's the highest in more than four years.
Spending on home and apartment construction rose 1.9 percent to the highest level since June 2008. And commercial project spending increased 2.7 percent, led by office, communication and transportation projects.
The reports add to other hopeful signs that 2014 could mark a turning point for an economy that has suffered through fits and starts since the recession ended.