10
Feb
18:43
US construction spending to increase 3.2% in 2021
US construction spending is projected to grow in both 2021 and 2022 largely due to the stable residential construction sector, Kallanish learns from Moody's.
According to recent projections by Moody's, US construction spending is expected to grow at 3.2% in 2021 and 3.4% in 2022 due to a number of factors, including strong demand for single-family homes, low housing inventory, steady infrastructure spending, and record low interest rates. Despite overall…
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