Construction Spending Falls in June with Declines in Residential and Nonresidential Activity Amid Growing Labor and Materials Shortages

CONSTRUCTION SPENDING FALLS IN JUNE WITH DECLINES IN RESIDENTIAL AND NONRESIDENTAL ACTIVITY AMID GROWING LABOR AND MATERIALS SHORTAGES Construction Association Official Says Supply Chain Challenges and Lack of Workers is Suppressing Demand for New Construction Amid Higher Construction Costs and Longer Schedules Total construction spending fell by 1.1 percent in June...