Construction spending grows in July

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Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor’s profits. Data collection and estimation activities begin on the first day after the reference month and continue for about three weeks.

Nonresidential construction spending fell 1.7% in July, totaling $688.4 billion on a seasonally adjusted. Interpreted independently, this would suggest growing activity in private and public.

Construction for single-family houses picked up 1.4% in July, a possible response to lower mortgage rates. But private spending on the building of apartments, lodging and commercial spaces fell.

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Private residential construction spending grows in August. by Rincey Abraham October 6, 2017. As housing inventory tightens across the country, private residential construction spending grew in August as builders attempt to alleviate some of the stress.

CONSTRUCTION SPENDING REMAINS STEADY IN JULY AND IS UP BY 5.6 PERCENT FOR THE FIRST SEVEN MONTHS OF THE YEAR AMID GROWING LABOR SHORTAGES. "But public investment in infrastructure and educational construction has been tepid." Construction spending in July totaled $1.153 trillion at a seasonally adjusted annual rate,

WASHINGTON, (Reuters) – – U.S. construction spending barely rose in July as a rebound in investment in public construction projects was offset by a decline in the private sector. The Commerce Depar.

Infrastructure construction recorded a growth of 2.1 percent in July against a growth of 9.2 percent a year ago. Consumer durables contracted 2.7 percent in July, a huge fall from a 14 percent.

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Nonresidential construction spending expanded strongly in July, growing 2.5 percent on a monthly basis and rising a robust 8.6 percent on a year-over-year basis according to a Sept. 2 release from the U.S. census bureau. spending for the month totaled 7.8 billion on a seasonally adjusted, annualized basis.

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GSEs expected to unload delinquent loans after Treasury change To date Fannie Mae and Freddie Mac have drawn down a total of $148 billion in Treasury funds since the two government sponsored enterprises (GSEs) were placed. as the backlog of delinquent loans is.