Aegis Blog

Report: U.S. construction increases last month

Report: U.S. construction increases last month

For construction companies, having comprehensive and up-to-date general contractor insurance is essential. Because research shows that the housing market is working its way back to a full recovery, contractors and builders need to keep their company protected against numerous potential events. On Tuesday, the Commerce Department released a report showing that construction spending climbed 0.6 percent to an annual rate of $901 billion. Private spending on home construction projects also increased, which Reuters explained was a sign that builders were still relying on a housing market recovery. Even though mortgage rates increased in ...

 

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