U.S. 2018 construction spending rises by least in 7 years

U.S. CONSTRUCTION spending posted the smallest annual increase since 2011 in December. / BLOOMBERG NEWS FILE PHOTO
U.S. CONSTRUCTION spending posted the smallest annual increase since 2011 in December. / BLOOMBERG NEWS FILE PHOTO
NEW YORK - United States construction spending posted the smallest annual increase since 2011 as homebuilding slowed amid higher borrowing costs and a glut of apartments in some areas. The value of construction put in place increased 4.1 percent in 2018 to $1.3 trillion, according to a Commerce Department report Monday that was delayed by…

Want More?

Register or subscribe with
Providence Business News to continue reading.

Register Now

Subscribe for $1

Already registered? Login to access more articles.

*Registered users get access to a limited number of free articles every month.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -