By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected. The Commerce Department reported Monday that the September gain follows a downward revised gain of 0.8% in August. Spending on residential construction was strong yet again, with single-family home projects jumping 5.7%. Demand for single-family homes remains healthy as buyers rush to the market pushed by historically low interest rates under 3%. A lack of existing homes for sale has builders rushing to fill […]
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