U.S. Construction Weighed Down By Rising Interest Rates ...Middle East

Via AG Metal Miner The October Construction MMI (MetalMiner Monthly Index) dropped 6.96%. Not only did the construction cost index fall recently, but high interest rates have seriously impacted the US housing construction sector. Billings are on the rise in both the US commercial construction sector and on the consumer end. Meanwhile, new housing construction continues to cool due to high interest rates. Issues Plaguing US Housing Construction Cost Index In the non-commercial sector, housing construction dropped in recent months. This was partially…

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