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US Construction Spending Falls in August on Single-Family Homebuilding

WASHINGTON (Reuters) – U.S. construction spending unexpectedly fell in August amid a sharp drop in outlays on single-family housing projects, but declining borrowing costs could stimulate activity in the months ahead. The Commerce Department’s Census Bureau said on Tuesday construction spending …

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WASHINGTON (Reuters) – U.S. construction spending unexpectedly fell in August amid a sharp drop in outlays on single-family housing projects, but declining borrowing costs could stimulate activity in the months ahead. The Commerce Department’s Census Bureau said on Tuesday construction spending … 

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