Industry News

Home construction spending drops 18% in 2007

December marks 22nd monthly decline in spending rate
Published on Feb 1, 2008

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by CareyBot

The rate of spending on residential construction fell for the 22nd consecutive month in December to the lowest level in almost five years, and spending for the full year in 2007 dropped 18.3 percent compared to 2006, the U.S. Census ...