A report from the Commerce Department

According to the Washington Post, the Commerce Department reported strong gains in non-residential and housing projects from June to July at an upward rate of 0.6 percent.  This increase has put the residential construction at it’s highest level since September of 2008.  Non- residential construction, which includes construction on hotels and motels, showed an increase of […]

March Construction Spending Shows Gains: Another Boost for the Economy

After two months of declining spending, builders finally began to increase spending on construction projects. The Commerce Department released its monthly report and found that construction spending ticked up 0.1% in March. March’s gain resulted in construction spending at a seasonally adjusted annual rate of $808.1 billion. Last March, construction spending hit a 12 year low of $762.6 billion, resulting […]