✉news BusinessReal Estate first seen 4 h ago, last 4 h ago, peak #11
US construction spending surges in August
US construction spending rose sharply in August, according to a new government report. The increase points to continued strength in building activity, including residential and infrastructure projects, despite high interest rates. Analysts are watching whether the momentum can hold as borrowing costs weigh on housing and commercial development.
Why now: Fresh data showing unexpectedly strong construction spending has economic implications for housing, rates and growth outlooks.
United StatesUS construction industry
Evidence
- US construction spending surges in August · The Mighty 790 KFGO
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