Existing-home sales declined in December, snapping a streak of three straight months of gains, according to the National Association of Realtors. Despite the drop, overall sales for 2021 increased 8.5%.
Total construction spending increased in November compared to levels in October and a year earlier, as gains in private residential and nonresidential projects outweighed decreases in public outlays, according to a new analysis of federal construction spending data released by the Associated General Contractors of America.
Construction employment increased in nearly two out of three U.S. metro areas between November 2020 and November 2021, according to an analysis by the Associated General Contractors of America of new government employment data.
Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November.