Silver Spring Usa 2020 Government Department Silver Spring Usa

US construction spending up again, rises 0.3% in September

Reading now: 652
www.clickorlando.com

SILVER SPRING, Md. – U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon.The Commerce Department reported Monday that the September gain followed followed a revised gain of 1.3% in August.

Spending on residential construction was strong yet again, with single-family home projects jumping 5.7%. Demand for single-family homes remains strong as buyers rush to the market pushed by historically low interest rates under 3%.Total residential construction was up 2.7%, while government construction spending fell 1.7%.Spending on non-residential private construction fell by 1.5%.During the first nine months of 2020, construction spending is up 4.1% over the same period last year..

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA