Despite the steel strike (see above), U.S. business hummed on to new heights.
One of the biggest gainers was building. The Commerce Department estimated that new construction in July reached $5.2 billion, up 3% from June and 14% from July a year ago. Total work put in place in the first seven months of 1959 was $30.1 billion, 15% ahead of the same period last year. Outlays for new private building in July rose to $3.6 billion to push the seven-month total 16% ahead of a year ago. Biggest gains were in home building, which leveled in July at a seven-month rate...
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