Spending
U.S. Construction Spending Climbed in November 2021
Construction spending saw a modest boost in November, according to recent reports from the U.S. Census Bureau and the Department of Commerce. The Commerce Department announced on Jan. 3 that construction spending climbed by 0.4% in November 2021, with single-family homebuilding playing a significant role in the uptick. Total spending rose from $ 1.62 billion […]
Residential Spending Continues to Lead Construction Numbers
Total spending on construction projects in the U.S. rose 0.9 percent in November compared to October. The U.S. Census Bureau estimated that the seasonally adjusted annual spending on all types of construction was $ 1.459 trillion during the month compared to $ 1.447 trillion the prior month, an 0.9 percent increase. The rate was up […]
Credit/Debit Card Spending Picking Up
The U.S. Census Bureau released its second-quarter GDP estimates and reported that personal consumption spending fell by nearly 35% on a seasonally adjusted annual rate. www.nar.realtor – Research