Construction spending edges up

A construction crew with United Construction Group builds a home Thursday afternoon at the Granville subdivion in Prescott Valley. :Cindy Barks:The Daily CourierBy Dees Stribling | MHN Online

The Census Bureau reported on Thursday that U.S. construction spending during November came in at an annualized rate of $934.4 billion, or 1 percent higher than the revised October estimate of $925.1 billion. That’s the highest level since March 2009, when spending was dropping with the deepening of the recession. The November 2013 figure is also 5.9 percent above the same month a year ago, according to the bureau.

Continued: 

Share this!

Additional Articles

New home sales post solid gain in March

By NAHB Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.