The measure was boosted by the second straight monthly rise in private construction spending. Single-family homes posted their biggest gain in six months Still, it’s way too soon to declare an end to the private building slump….
The measure was boosted by the second straight monthly rise in private construction spending. Single-family homes posted their biggest gain in six months Still, it’s way too soon to declare an end to the private building slump….
Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers — a move that has already sent asking prices there downward. But Hong Kong’s real estate risks are dwa…
September’s unexpected 0.5% increase in construction spending was tempered somewhat by the fact that August’s tally was revised downward, dropping considerably from the initially estimated 0.4% spending gain to a 0.2% decrease.
A Bloomberg survey had …
One month doesn’t make a trend, but builders in the beleaguered U.S. construction sector will take any good news they can get, and in August they received some: an unexpected 0.4% increase in construction spending, led by government-funded projects.
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