Industry NewsMarkets & Economy

Home construction spending hits five-year low

Total spending rate falls to $1.12 trillion in March
Published on May 1, 2008

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by CareyBot

Residential construction spending hit its lowest level in five years in March, the U.S. Census Bureau announced today. The seasonally adjusted annual rate of residential construction spending dropped 19.7 percent compared to the same month last year, to $451.4 billion. ...

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