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Construction Spending in US Rises in November

Infra News - Published on Thu, 09 Jan 2020

Image Source: Construction US
Spending on US construction projects increased 0.6% in November at a annual rate of USD 1.32 trillion. Spending in October was revised up to show an 0.1% gain instead of 0.8% decline as previously reported. Residential construction outlays jumped 1.9% in November. Spending on public construction projects rose 0.9% in the month.

Builders have benefited from lower rates in recent months, stoking more demand for housing.

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Posted By : Yogender Pancholi on Thu, 09 Jan 2020
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