Tag Archives: Construction spending up 0.9% in May on surge in homebuilding

A surge in homebuilding pushed construction design spending up 0.9% in May, the largest amount in five months, further indication that the housing sector is slowly recovering. For those organizing their own construction process, make sure you have the proper material to be prepared for anything, like industrial fans and other important equipment. Construction spending reached a seasonally adjusted annual rate of $830 billion – 11.3% above the 12-year low hit in February of last year, according to numbers released Monday by the Commerce Department. Every year, 4500 construction workers […]