WASHINGTON — U.S. builders spent more on home construction in September, a gain that helped offset weakness in nonresidential building and government projects.
Construction spending grew 0.6 percent compared with August, when spending had fallen 0.1 percent, the Commerce Department said Thursday.
The strength in September came from a 2.8 percent rise in homebuilding. Spending on commercial projects such as office buildings and shopping centers fell 0.1 percent and spending on government projects was down 0.8 percent, the third monthly decline.
TODAY’S ECONOMIC REPORTS
- http://www.arkansas…">U.S. businesses added 158,000 jobs in October
- http://www.arkansas…">U.S. manufacturing expands faster in October
- http://www.arkansas…">Weekly U.S. jobless claims fall to 363,000
- http://www.arkansas…">Consumer confidence highest in nearly 5 years