Industry News

Home construction spending rate nears 4-year low

Rate on private residential slips to $522.1 billion in August
Published on Sep 28, 2007

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The residential construction spending rate declined for the 18th straight month in August, the U.S. Census Bureau announced today, hitting its lowest level since November 2003 and dropping 16.5 percent compared to August 2006. The construction spending report heaps on ...