Construction spending rose 0.7% in June, the Commerce Department reported Tuesday.
Construction spending rose in July, as companies and the government increased projects across the U.S.
Spending on construction projects rose 0.7% in June to $1.97 trillion, the Commerce Department reported Friday. The figure exceeded expectations on Wall Street. Economists were expecting construction spending to rise 0.5% in July. Construction spending reveals how much the government and private companies spend on projects, from housing to highways. The more the U.S. spends on construction, the higher the level of economic activity.
The government revised spending on construction in June to 0.6% from an initial read of a 0.5% increase.In terms of residential real-estate, private residential construction rose 1.4% in July from the month before. Single-family construction rose 2.8% in July, while multifamily rose by 0.2%.Stocks DJIA SPX were up in early trading on Friday. The 10-year Treasury note BX:TMUBMUSD10Y fell below 4.2%
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The Fed's preferred inflation measures are back on the riseAfter finally declining in June, giving the Federal Reserve hopes of pulling off a soft landing at last, one of the central bank's preferred inflation measures was back on a precipitous rise in July. Headline PCE inflation rose by 3.3% in the year ending in July, up from 3% in June. For the first…
Consulte Mais informação »
US crude oil output rises in June to highest since Feb 2020 -EIAU.S. field production of crude oil rose 1.6% in June to 12.844 million barrels per day, the highest since February 2020, before the coronavirus pandemic destroyed demand for fuel and other oil products, the Energy Information Administration said on Thursday.
Consulte Mais informação »
Examining impact of resilient forest management practices on the wood construction industryA whole-system functional analysis of tree species is required to achieve climate-adaptive forests and a climate-adaptive building industry, according to a study published in PNAS Nexus.
Consulte Mais informação »
$57 million in new construction coming to HuntsvillePermits issued for apartments in north Huntsville.
Consulte Mais informação »
Sound Transit approves $122.5M contract change, delays constructionIt has been seven years since a ballot measure approved multiple expansions of the Link light rail, now two more years of planning and $33 million are needed
Consulte Mais informação »
Russia's first cruise liner sent for 'repairs' after years of constructionConstruction of the ship Peter the Great started in 2016 and was meant to take two years, but its launch has been postponed repeatedly.
Consulte Mais informação »