private construction

A construction worker is shown on the job site at a multi-unit residential housing project in Encinitas, California, on July 28, 2025. (PHOTO: REUTERS/Mike Blake/File)
Jun 1, 2026

US construction spending rises 0.4% in April despite mortgage rate pressures

U.S. construction spending rose 0.4% in April, driven by single-family homebuilding, despite rising mortgage rates amid geopolitical tensions.


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