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Construction Spending Picks Up in June

by Michael Levy on August 5, 2012

in National, NEWS

Home ConstructionThe homebuilding industry posted another gain in construction spending in June, marking the third consecutive month for increases, the Commerce Department reported Wednesday.

After a sluggish last few years, the homebuilding industry continues to dig toward a recovery, posting big year-over-year improvements that has many analysts saying the sector has finally reached the tipping point toward recovery.

However, economists warn that the homebuilding industry still has a long way to go. While there has been recent improvement, construction spending levels are still about half of what most consider healthy for the industry.

To read the full article, click here: Realtor Mag

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