Single and Multifamily Construction Spending Post Gains

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Total private residential spending – single-family, multifamily, and home improvements – fell slightly in August (0.1%) to a seasonally adjusted annual rate of $351.7 billion. The latest Census estimate shows gains in the single and multifamily components of private residential construction spending offset by a decline in home improvements. Single-family spending increased 0.7% and multifamily spending increased 1.4% over the… Read More ›

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