Home Must Reads Construction spending drops
Construction spending drops | Print |  Email
Pin It
Must Reads
Monday, October 01, 2012

A solid gain in home construction failed to offset declines in nonresidential activity for builders in August.

The August decline left spending at a seasonally adjusted annual rate of $837.1 billion, which is 12.2 percent above a 12-year low hit in February 2011. Still, construction activity is roughly half of what economists consider to be healthy.

One bright spot in the August report was a 0.9 percent increase in private residential construction, another sign that housing is recovering following a prolonged slump. In August, both single-family and apartment construction was up.

Read more at OregonLive.com.
 
BELOW: Current talk on Twitter on this topic
Loading...

    Add comment

    Security code
    Refresh

    Oregon Business magazine

    title-sponsored-links-02
    SPONSORED LINKS

    Lane Powell

    Vernon Promotional Products

    Documart-250px