US Construction Spending up 1.8% in July
Do you need an HVAC, plumbing, or fire protection contractor? Click here.
The AP reported that U.S. Construction is up by 1.8% in July. This is the highest jump in two years. All major categories of construction showed growth.
The July rebound pushed to a seasonally adjusted annual rate of $981.3 billion. This is the highest since December 2008.
Construction spending is now 8.2% highers than it was this time last year.