Bullboard - Stock Discussion Forum Interfor Corp T.IFP

Alternate Symbol(s): IFSPF

Forest Products Lumber & Wood Production

Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in Canada and the United States for sale to markets around the world. It operates through the solid wood products segment. The Company’s product categories include Dimension Lumber, Specialty Lumber and Engineered Wood Products. Its products include Spruce-Pine-Fir, Douglas Fir... see more

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Interfor Corp > Construction spending rises in July

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Post by morzine on Sep 01, 2021 11:50am

Construction spending rises in July

WASHINGTON (Reuters) - U.S. construction spending picked up in July, lifted by gains in both private and public sector projects.

The Commerce Department said on Wednesday that construction spending increased 0.3% after being unchanged June. Construction spending rose 9.0% on a year-on-year basis in July.

Economists polled by Reuters had forecast construction spending gaining 0.2%.

Spending on private construction projects rose 0.3% after increasing 0.4% in June. Outlays on residential projects advanced 0.5%, with single-family homebuilding spending increasing 0.9%, driven by robust demand for housing.

Spending on residential projects increased 0.8% in June. The pace is, however, slowing because of expensive building materials as well as land and labor shortages.

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