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