The Basic Principles Concerning Education

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— U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected. The Commerce Department reported Monday that the September gain follows a downward revised gain of 0.8% in August. Spending on residential construction was strong yet again, with single-family home projects jumping 5.7%. Demand for single-family homes remains healthy as buyers rush to the market pushed by historically low interest rates under 3%. A lack of existing homes for sale has builders rushing to fill the void with newly-constructed houses. Total residential construction was up 2.7%, with total private construction up 0.9%. Spending on government construction projects fell 1.7%, with declines everywhere except health care facilities, schools and waste disposal sites. Government spending on projects related to public safety and streets and highways both shrunk by more than 5%.

https://finance-commerce.com/2020/11/u-s-construction-spending-up-again/

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