Residential construction spending falls 7.3% year over year in July
Residential construction spending fell 7.3% year over year in July, while total construction spending declined 3.8%, according to new U.S. Census Bureau data The post Residential construction spending falls 7.3% year over year in July appeared first on Scotsman Guide .
Residential construction spending fell 7.3% year over year in July, while total construction spending declined 3.8%, according to new U.S. Census Bureau data The post Residential construction spending falls 7.3% year over year in July appeared first on Scotsman Guide .
BELLINGS Intelligence Score: 25
Why it matters
The 7.3% year-over-year decline in residential construction spending signals notable market activity reflecting stress in a key economic sector, potentially impacting credit availability and risk assessments for lenders and investors in real estate and construction finance.
Sources
Scotsman Guide
Residential construction spending falls 7.3% year over year in July
Residential construction spending fell 7.3% year over year in July, while total construction spending declined 3.8%, according to new U.S. Census Bureau data The post Residential construction spending falls 7.3% year over year in July appeared first on Scotsman Guide .