US construction spending beats expectations in May on housing

Capt. John

U.S. construction spending increased more than expected in May as a severe shortage of houses for sale boosted outlays on single-family homebuilding. The Commerce Department said on Monday that construction spending rose 0.9% after gaining 0.4% in April. Economists polled by Reuters had forecast...

https://www.hellenicshippingnews.com/us-construction-spending-beats-expectations-in-may-on-housing/

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