U.S. construction spending dropped in March. It was the first time in four months that spending on U.S. home construction fell to the lowest level in two years.
Commercial and Residential Construction spending is estimated at $1billion, 2-hundred and 93 Million dollars. Reports show its almost a full percentage point below the revised February numbers, according to the Census Bureau.
The Home building Industry is wobbling. The Federal Reserve it’s expected to back off on plans to hike interest rates this year.
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