Construction spending climbs in July due to more U.S. home building

U.S. home builders and other construction companies increased spending in July, reflecting both higher demand and higher prices for materials.

Outlays rose 0.3% in July at a $1.57 trillion annual pace, the Commerce Department said Wednesday. That’s how much money would be spent on construction in the entire country this year if outlays rose by the same amount in every month.

Read more in the link below.

Back to Demolition Insights Home