October 22, 2013 by Stephen
Construction spending increased to an adjusted annual rate of $915 billion, with an increase of 7.1 percent above the previous August, which was led by private residential building. This improvement in the construction industry is due to the housing recovery over the last year. Lodging construction also had solid growth in the month of August.
September 17, 2013 by Stephen
Permits to build new homes have begun to rise, which recently showed an increase of 2.7 percent. Also, 30-year mortgage rates have increased by a full percentage in July since it was at 3.4 percent in the month of May.
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