Economics

Seasonally adjusted housing starts dipped 3.7% from March to April. However, they remain more than 10% above April of 2017, according to information from the United States Census Bureau.

Construction labor costs across the board in the U.S. and Canada rose in February as subcontractor prices saw large gains, according to information from IHS Markit and the Procurement Executives Group (PEG).

Construction spending rose to a “record high” in November thanks to public and private outlay gains. So reports Reuters.

A recent report from the U.S. Census Bureau and the Department of Housing and Urban Development indicates seasonally adjusted national housing starts dipped 5.8% from July to August. However, August’s 1,142,000 starts were almost a full percentage point higher than 2015’s rate.

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