US construction spending beats expectations in April
WASHINGTON, June 1 (Reuters) – U.S. construction spending increased more than expected in April, boosted by single-family homebuilding, though rising mortgage rates amid the war with Iran continued to cast a shadow over the housing market. The Commerce Department’s Census Bureau said on Monday that construction spending rose 0.4% after a downwardly revised 0.2% increase in March. Economists polled by Reuters had forecast construction spending gaining 0.2% after a previously […]