Morning Minute: Residential construction rose in July

Building was booming in July with construction spending climbing to a 7-year high, reports the Associated Press via ABC News. Looking just at residential construction, spending rose more than 1 percent compared to last month, reaching $380.8 billion, according to Commerce Department data. Read coverage of today’s report from HousingWire, Reuters and RTT News.

In other headlines:

Advantage Shifting Slightly to Home Buyers – NAR Daily Real Estate News

Want in on the Luxury Market? Learn to Speak ‘Opportunity Gateways’ – NAR Daily Real Estate News

Massive New Reservoir To Help Alleviate Chicago Area Flooding – CBS Chicago

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