Tuesday, September 10, 2013
A report from the Commerce Department
According to the Washington Post, the Commerce Department reported strong gains in non-residential and housing projects from June to July at an upward rate of 0.6 percent. This increase has put the residential construction at it's highest level since September of 2008. Non- residential construction, which includes construction on hotels and motels, showed an increase of 6.1 percent. Shopping centers and office buildings also showed an increase in construction activity, while government projects dropped by 0.3 percent due to budget constraints.
at 1:22 PM