Construction spending up 0.6% in September 2012

The construction sector continues to see improvement in large part to gains in residential housing. Construction spending took in an adjusted annual rate of $851.6 billion, a 0.6% increase from August, which was $846.2 billion. This is up 7.8% from a year prior,...

Housing starts rose 6.9% in June 2012

Housing starts in June rose 6.9% from May, reaching a seasonally adjusted annual rate of 760,000 units last month, the U.S. government said Wednesday. Bloomberg news is calling it the largest uptick in starts in three years. That is well above the revised May estimate...