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US construction spending surges in August
Source: reuters.com
Economic DataHousing & Real EstateInterest Rates & YieldsInfrastructure & Defense
US construction spending unexpectedly increased in August, driven by stronger nonresidential investment in offices and power plants. However, the broader construction trend remained weak as elevated mortgage rates continued to constrain homebuilding, presenting mixed implications for real estate and interest-rate-sensitive sectors.
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