Quantcast


Last updated: September 03. 2013 10:36AM - 173 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) Spending on U.S. construction projects rose in July, led by strong gains in housing and nonresidential projects.


The Commerce Department says construction spending increased 0.6 percent in July compared with June when activity was unchanged. The June performance represented an upward revision from an initial estimate that spending had fallen 0.6 percent. Total construction activity rose to a seasonally adjusted annual rate of $900.8 billion in July, the strongest performance since June 2009.


The July gain reflected a 0.6 percent rise in housing construction with both single-family and apartment construction posting gains. In June, housing had fallen 0.9 percent.


Government projects fell 0.3 percent in July with state and local spending down 0.4 percent. That drop offset a 1.1 percent rise in the smaller federal category.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com