Construction spending falls by 0.1% in USA in May 2024, , – Homevior
Representative Image WASHINGTON: U.S. construction spending unexpectedly fell in May as higher mortgage rates depressed single-family homebuilding, and recovery is likely to be muted by improving housing supply. The Commerce Department’s Census Bureau said on Monday that construction spending dipped 0.1% after an upwardly revised 0.3% increase in April. Economists polled by Reuters had forecast …
Construction spending falls by 0.1% in USA in May 2024, , – Homevior Read More »