Home » Posts tagged with » declines

Construction activity declines 1 percent in July

Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit. Construction activity dropped 1 percent in July, the third straight monthly decline, the Commerce Department said Wednesday. Government revisions showed much weaker activity than previously reported for… Continue Reading Construction activity declines 1 percent in July