Your single point of reference for all your Geotechnical Inquiries
Share this Information:
|
|
|
US construction spending rose to nearly 11-year high
WASHINGTON (AP) -- U.S. developers ramped up construction spending in February to the largest amount in nearly 11 years, led by more building of homes, highways and schools.
Construction spending rose 0.8 percent in February to the highest level since April 2006, after two months of declines, the Commerce Department said.
Builders are rapidly putting up more homes in response to strong demand that has pushed up prices for existing homes. Yet it hasn't yet been enough to relieve a shortage of homes for sale. The accelerated building could boost the economy this year.
User Rating:
You must be registered to vote.
