Quick post on construction spending – Residential spending up 2.3%
Posted on September 7th, 2009 in Economy construction spending, private real estate sector strong, real estate sector
In my last post we were discussing pending home sales (residential) but construction numbers slightly dipped to 0.2% in the month of July. Private residential real estate construction spending increased to 2.3% but private commercial spending dropped to 1.2% which supports the research of my last post that residential real estate is continuing to stabilize and commercial is not.
Until my next post
Dwaine
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