Investment in building construction fell 0.5% to $23.2 billion in June, despite an 18.5% rise in building permits. Residential investment dropped 0.6%, led by a 1.9% decline in multi-unit construction, while single-family homes rose 0.9%. Non-residential investment edged down 0.1%, with commercial construction falling 0.7%, but institutional and industrial components increased. Quarterly investment rose 2.1%, driven by residential growth.
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