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"Construction Spending Slouches Into End of Year"
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"The Commerce Department's Census Bureau reported that construction spending was unchanged in November, following a revised 0.5% gain in October. Economists had forecast a 0.3% increase. Private construction spending ticked up 0.1%, with residential construction rising 0.1% and nonresidential construction falling 0.1%. Public sector construction spending also declined 0.1%. The rise in mortgage rates, from 6% to 6.84%, contributed to the weaker-than-expected spending."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqu925uwtqmpa8c0jmtpz08zszg6c8kp7jxl0g5m9h7n9x5g3cr2asavz8ma\nhttps://media.breitbart.com/media/2025/01/GettyImages-2191485256-e1735834223209-638x335.jpg\nRising interest rates weighed on spending in November. The post Construction Spending Slouches Into End of Year appeared first on Breitbart.\nhttps://www.breitbart.com/economy/2025/01/02/construction-spending-november/",
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