The Agency - Home Construction

Construction Spending Jumps To Four-Year High

Construction spending in the U.S. increased in July to the highest level since 2009, the Commerce Department reported today. Collectively, spending on commercial projects, public projects and private housing rose 0.6%, reaching an annual rate of $900.8 billion. Among the key drivers of the increase is the private residential sector, where construction spending posted a $334.6… Read more

Housing Market Booming In Las Vegas

Home values are gaining momentum nationwide, and perhaps nowhere quite like the Las Vegas real estate market. In May, the S&P/Case-Shiller index showed Las Vegas home values increasing 23-percent from a year earlier. And more recently, Zillow reported a 30.8-percent year-over-year increase in July. In some cases, the gains are even greater. A Bloomberg story recently reported on a five-bedroom house… Read more

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