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Home AEC Wells Fargo: Construction Spending Rises in October as Residential Gains Offset Nonresidential Declines
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Wells Fargo: Construction Spending Rises in October as Residential Gains Offset Nonresidential Declines

December 2, 20242 Mins read457
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According to data from the U.S. Department of Commerce and Wells Fargo Economics, construction spending advanced by 0.4 percent in October. This was buoyed by a notable uptick in residential outlays that compensated for declines in nonresidential activity. The month’s performance reflects shifting dynamics in the construction industry, with residential spending continuing to gain momentum […]

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