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Declining Construction Employment Spurs Drop in Spending

Saturday, Aug 13 2016
News Roundup
Written by  TPB News

For June 2016 reporting period, spending on private construction, residential construction and new homes dropped, co-occuring with a decline in employment in the industry.

According to the U.S. Department of Commerce Report, the seasonal dip in private construction was at $445.8 billion, below the most recent high of $468 billion from March 2016. New single-family construction showed a month-to-month dip of -0.4%, but an increase of 4.8% year-to-year.

Read the Report.

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