According to the Chicago Tribune, the Commerce Department reported that in the month of July construction spending grew over 0.6 percent , rising to the highest level in 4 years. Construction spending increased to an adjusted annual rate of $915 billion, with an increase of 7.1 percent above the previous August, which was led by private […]
Category: commerce department
US Home Indusrty
According to BBC, the US home-building industry grew in the month of July, in part due to the increase of construction for new apartments. According to the Commerce Department, the new-home industry rose by 5.9 percent since the previous month. New homes grew at an annual rate of 896,000, which was below the […]