US construction spending rebounds 0.6 percent in March
US construction spending rose 0.6% in March as single-family homebuilding jumped 2.7%. Higher mortgage rates and tariffs continue to challenge the sector.
Xurve View
Xurve View
The United States Census Bureau reported construction spending rose 0.6% in March, driven by a 2.7% jump in single-family housing projects. The rebound follows a 0.2% decline in February and beat the 0.2% growth forecast by Reuters economists. Persistent high mortgage rates and geopolitical tensions threaten to stall this recovery in the residential sector.
