Construction spending in the U.S. grew in July to its highest level in four years, due to gains in residential real estate, Bloomberg News reports.
Outlays climbed 0.6% to a $900.8 billion annual rate, the most since June 2009, after being little changed in June, the Commerce Department reported today in Washington.
“We’re going to continue to post growth,” Mike Englund, chief economist at Action Economics LLC in Boulder, Colorado, said before the report. “It’s growing a little faster than the broader economy, obviously getting help from residential construction.”
Construction spending grows in July | 2013-09-03 | HousingWire.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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