Thursday 1 October 2020

Housing demand sent construction spending up in August

Spending on construction, particularly in the housing sector, plowed ahead in August. Money flowing into construction projects ticked up to $1.4 trillion seasonally adjusted last month, a year-over-year increase of 2.5 percent, according to the Census Bureau’s monthly report on construction work done on new and existing structures across public and private sectors. In the first eight months of 2020, $927.7 billion had been spent on construction, compared to $889.9 billion in 2019, according to



source https://therealdeal.com/2020/10/01/housing-demand-sent-construction-spending-up-in-august/

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