Single-Family Homebuilding Weighs on U.S. Construction Spending in July

Single-Family Homebuilding Weighs on U.S. Construction Spending in July U.S. construction spending declined further in July as rising mortgage rates weighed on single-family homebuilding, offsetting a rebound in outlays on public projects. Read More Reuters https://www.reuters.com/markets/us/single-family-homebuilding-weighs-us-construction-spending-july-2022-09-01/

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9/2/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Construction spending slips 0.4 percent in July but up 8.5 percent year-on-year Construction spending during July 2022 was estimated at a seasonally adjusted annual rate of $1,777.3 billion, 0.4 percent (below the revised June estimate of $1,784.3 billion. The July figure is 8.5 percent above the July 2021 estimate of $1,637.3 billion. During the first seven months of this year, construction spending amounted to $1,013.7 billion, 10.8 percent (±1.0 percent) above the $915.2 billion for the same period in 2021. https://www.census.gov/construction/c30/pdf/release.pdf   Manufacturing sector…

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KB Home Announces the Grand Opening of Glenwood, a Gated New-Home Community in Highly Desirable Southwest Las Vegas

KB Home Announces the Grand Opening of Glenwood, a Gated New-Home Community in Highly Desirable Southwest Las Vegas The new homes at Glenwood showcase desirable design characteristics like spacious kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, ample storage space and large backyards. Read More KB Home https://news.kbhome.com/press-releases/news-details/2022/KB-Home-Announces-the-Grand-Opening-of-Glenwood-a-Gated-New-Home-Community-in-Highly-Desirable-Southwest-Las-Vegas/default.aspx

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