Construction Spending Flat in August

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The U.S. government is reporting that total construction spending in August was estimated at a seasonally adjusted annual rate of $1,287.3 billion, which was 0.1% above July’s revised rate.  Residential construction was at a seasonally adjusted annual rate of $507.2 billion in August, 0.9% higher than July’s revised estimate.

Click here to read the full release at the U.S. Census Bureau.

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Director of Education & Outreach, National Real Estate Investors Association