Construction spending up 0.9% in May on surge in homebuilding

US construction spending drops 0.9% as housing takes a hit – Residential construction spending skidded 1.8% to a seasonally adjusted annual rate of $500.9 billion, lowest since December 2016. Public construction dropped 1.3% to $320.7 billion in March. Home building has wobbled but is expected to rebound as the Federal Reserve backs off on plans to hike interest rates this year.

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UPDATE 1-U.S. construction spending up 0.9 percent in May – WASHINGTON, June 29 (Reuters) – U.S. construction spending rose 0.9 percent in May, well above expectations on an all-time high in the pace of both public spending and private non-residential.

homebuilding Construction surge spending May 0.9%. – Construction spending up 0.9% in Nov.. U.S. construction spending rose 0.9 percent in November thanks to gains in both homebuilding and nonresidential projects across the public and private. February Personal Income was up a stronger-than-expect 0.6%, with a y-o-y gain of 5.3%.

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Construction spending up 0.9% in Nov. – Equipment World magazine – Construction spending up 0.9% in Nov.. U.S. construction spending rose 0.9 percent in November thanks to gains in both homebuilding and nonresidential projects across the public and private.

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U.S. construction spending rises 0.9% in March – MarketWatch – WASHINGTON (MarketWatch) – U.S. construction outlays increased 0.9% in March, boosted by robust home building, the Commerce Department said Monday. Outlays for residential construction increased 1.

US construction spending rose 0.9 percent in May – A surge in homebuilding pushed U.S. construction spending up by the largest amount in five months, the latest indication that the housing sector is slowly recovering. construction spending rose 0.9 percent in May, following a 0.6 percent rise in April, the commerce department reported monday, July 2, 2012.

Construction Spending Slips in March | Builder Magazine. – Construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1,282.2 billion, 0.9% below the revised February estimate of $1,293.3 billion, the Census Bureau.

Amazing Construction skills - Wall Rendering Using Sand And Cement - Creative Style Builder Weekly Economic and Financial Commentary: What Lies Beyond the Soft First Quarter? – The softer income data may explain the recent dip in consumer confidence, which fell 7.3 points in March but remains at a fairly lofty level. The hangover from the government shutdown has the.

US Construction Spending Drops 0.9% as Housing Takes a Hit – US Construction Spending Drops 0.9% as Housing Takes a Hit. by Associated Press. Wednesday, May 1, 2019 11:15 am 1 min read In this April 9, 2019, AP file photo a worker walks along the a structure being built for the NFL Draft in Nashville, Tenn.. Home building has wobbled but is expected to.

US construction spending hits new all-time high in November – The uptick in spending was driven by a 1% monthly increase in the homebuilding sector and a 0.9% increase in the private nonresidential sector.. US construction spending hits new all-time high.

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