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US Construction Spending Declined in July: Small Residential Gain Not Enough to Offset Nonresidential Weakness
From wellsfargo.bluematrix.com
The elevated interest rate environment continues to exert pressure on construction. Total construction spending fell 0.1% in July, amounting to a 2.8% year-over-year decline. Residential spending increased modestly during the month, largely on account of a slight upturn in single-family outlays. Since the spending data do not account for material and labor price changes, it is too soon to say that the recent downdraft in single-family activity has bottomed. Rather, weakening permit activity and low builder sentiment suggests single-family construction is still trending lower against a backdrop of stagnant new home ... (full story)
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Trader#0275
Sep 3, 2025 3:24am
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