US Construction Spending Surges 8.2%
Despite the obvious supply chain issues of the past 12 months, there has been positive news for US construction, with spending surging more than 8% on previous figures at the start of this year. Outlays on single-family homebuilding and private nonresidential structures provided a particular boost to the numbers, which showed an increase in both the figures from the year before as well as those for December. Although the rise in spending is positive, the reality of higher prices for...
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