Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
The boom times may be over for the construction industry, sapping the labor market of one of its key sources of strength over the past year.
Economists had expected an increase of 0.2 percent. None of the economists surveyed by Econoday had forecast a decline. Private sector residential construction spending declined by 0.3 percent, led by a 1.2 percent decline in single-family home construction. Compared with a year ago, however, spending is up 7.3 percent. Multifamily construction inched up 0.1 percent but is down 7.3 percent compared with June of last year.
Spending on construction of power facilities and streets and highways, formerly the largest segments for construction spending, fell by 0.6 percent and 0.4 percent respectively. Spending on commercial buildings dropped by one percent.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump botches Kamala Harris’s first name, again and again and againHarris’s supporters accuse Trump and other prominent Republicans of intentionally bungling the pronunciation or using it as a racist dog whistle.
Read more »
45 Impulse Buys You'll End Up Using Again And Again...And *Again*This viral hydrating $4 lip balm comes in so many delicious flavors that you should probably just try them all. You know. For science.
Read more »
Blue Screen Of Death—Microsoft Says Turn It Off And On Again And Again And AgainDavey is a four-decade veteran technology journalist and contributing editor at PC Pro magazine, a position he has held since the first issue was published in 1994. You can follow Davey on Mastodon, Twitter/X and most social networks as happygeek. Davey has spent more than 30 years as a freelance technology journalist.
Read more »
Forever rising: Stamp prices up again as USPS sinks in red inkA number of U.S. Postal Service products, including the Forever stamp, will cost more starting Sunday.
Read more »
North Side construction project set to start as request waits in city to reduce construction delaysEarly this summer, Councilwoman Sukh Kaur filed the CCR to invest in Subsurface Utility Engineering and create a system to maintain and document records.
Read more »
Ben Affleck ditches wedding ring again after spending Fourth of July apart from Jennifer LopezJennifer Lopez found 'unexpected ally' in Jennifer Garner as Ben Affleck divorce looms
Read more »