U.S. construction spending jumped 1.4 in August, led by surging building of single-family homes.
The Commerce Department said Thusday that spending on residential construction rose 3.7 percent. Spending on single-family homes accelerated by 5.5 percent. Spending on apartment construction dipped 0.1 percent, reinforcing evidence that the strength of the U.S. housing market is being fed by people moving into houses from apartments.
The U.S. housing market has been on an explosive surge in the subsequent months as Americans sought more privacy and living space, increasingly work remotely, and fled from decaying cities beset by resurgent virus infections, lockdowns of cultural amenities such as museums and theaters, shuttered bars and restaurants, deteriorating finances, rioting, rising murder rates, and leftist politics.
Your "source" added the bit about leftist politics itself. Nothing about that in the numbers they cite. Not to mention that cultural amenities are locked down in the suburbs right now too.
