Report: Private Construction Spending Tumbles as Public Projects Defy Interest Rate Pressure - The Registry

Construction Spending Edges Down By 0.1 Percent In July As Declines In Nonresidential And Multifamily Projects Top Growth In Public Outlays

Spending on projects underway in July inched down 0.1 percent from June as declines in private nonresidential and multifamily construction offset pickups in public outlays and single-family homebuilding, according to […] The post Construction Spending Edges Down By 0.1 Percent In July As Declines In Nonresidential And Multifamily Projects Top Growth In Public Outlays  first appeared on Mecklenburg Times: News for Mecklenburg, Union and Iredell c…

Report: Private Construction Spending Tumbles as Public Projects Defy Interest Rate Pressure - The Registry

The construction industry’s struggle with elevated interest rates deepened in July, as overall spending declined 0.1 percent for the month and fell 2.8 percent compared to the same period last year, according to a new report from Wells Fargo Economics. The modest headline decline masks a sharper divide between public and private construction activity. Private […] The post Report: Private Construction Spending Tumbles as Public Projects Defy Inte…