Construction spending rose in June to the highest level in almost three years, the Commerce Department said Wednesday.
The 0.4% increase pushed spending to annual rate of $842 billion, the highest level since November 2009.
Economists had forecast a 0.2% increase in June, Bloomberg reported.
Private construction spending rose 0.7%, while homebuilding spending gained 1.3% to $266 billion, the highest level in three and a half years.
Private non-residential projects gained 0.1%, while public construction spending was little changed.
Construction spending can boost demand for trucking services because spending increases the number of shipments of goods and building materials.
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