Construction Spending Grows 0.5 Percent In August To A $1.98 Trillion Annual Rate With Widespread Residential And Nonresidential Gains

All Major Segments Post Year-over-Year Increases, While Strength in Manufacturing, Power, Office, and Highway and Street Construction Offsets Declines in Commercial Construction between July and August Total construction spending increased by 0.5 percent in August, driven by increases in most large nonresidential construction segments in addition to residential projects, according...