Construction spending flatlines in May as homebuilding declines

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by Fouad Egbaria on May 7, 2019. According to the U.S. Census Bureau, U.S. construction spending during March 2019 came in at. Within private construction, residential construction hit $500.9 billion in March, down 1.8% from February.

WASHINGTON (AP) – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. The Commerce Department reported Monday that.

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Those declines were offset by a 4.8% surge in government construction spending to a record high of $299.4 billion, led by big gains in state and local government spending, which also rose to a.

May construction spending flat-lined in May, rising a statistically insignificant 0.1 %, far below analyst expectations. Outlays increased 0.1% after.

WASHINGTON – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. The Commerce Department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion.

WASHINGTON, May 1 (Reuters) – U.S. construction spending unexpectedly fell. pulled down by declines in both private and public construction projects.. The housing market has struggled, with spending on homebuilding.

In October, home building fell 0.5%, while non-residential construction retreated 0.3% as declines in construction of medical facilities and shopping centres offset a gain in office construction. Government spending was up 0.8% in October, a rebound that reflected gains in both state and local projects and federal spending.

U.S. construction spending was flat in May with homebuilding falling again, even as buyers face climbing prices and a shortage of available properties on the market. The Commerce Department.

Construction spending flatlines in May as homebuilding declines; FHFA Director DeMarco: No Silver Bullet for the GSEs; Congress, Wall Street will cause the next financial crisis; Homebuilder confidence experiences largest one-month gain in a decade; guaranteed rate: 3Q purchase volume up 10% from last year; categories. home loans; archives. june 2019; May 2019