The Agency - New 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

New Home Construction On The Rise In 2013

Mar. 20, 2013
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The Commerce Department on Tuesday reported that new home building in the U.S. continues to gain momentum with permits for home construction jumping 4.6% in February, the biggest gain in nearly five years. Once again, analysts say the data supports the notion that it is the housing market that’s driving economic growth in the U.S. right now…. Read more

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