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 as spending on new housing and nonresidential projects declined compared to May, according to an analysis the Associated General Contractors of America released today of federal spending data.
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