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flag U.S. construction spending edged up 0.2% in August, led by home renovations, despite a drop in new housing starts.

flag U.S. construction spending rose 0.2% in August to $2.169 trillion annually, defying expectations of a decline, according to a delayed Census Bureau report. flag The increase was driven by a 0.8% rise in residential construction, particularly home renovations, while new single-family housing investment fell. flag Private construction spending climbed 0.3%, but nonresidential investment dropped 0.3%, and public spending held steady. flag The data, released after a 43-day government shutdown, marks one of the first economic reports post-shutdown, with no update on the September release timeline.

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