Posted To: MND NewsWire
There was a small increase in both publicly and privately funded construction spending in August. Privately funded residential spending performed slightly better than construction as a whole but that increase was largely due to an uptick in multi-family construction expenditures. The U.S. Census Bureau said today that total construction spending in the U.S. was estimated at a seasonally adjusted annual rate of $1,086.2 billion in August, an increase of 0.7 percent above the revised July estimate of $1,079.1 billion and up 13.7 percent from August 2014 when the estimate was $955.0 billion. On a non-seasonally adjusted basis $100.9 billion was spent overall in August compared to $98.4 billion in July. Through the end of August total 2015 construction spending is estimated at $683.4 billion, up...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1LTdkiZ
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