Construction spending up 0.9% in May on surge in homebuilding
Construction spending up 0.9% in May on surge in homebuilding 0 A surge in homebuilding pushed construction spending up 0.9% in May, the largest amount in five months, further indication that the housing sector is slowly recovering.
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. down 0.6% while nonresidential construction fell 0.9%.
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US construction spending drops 0.9% as housing takes a hit on WTOP | WASHINGTON (AP) – U.S. construction spending dropped in March or the first time in four months, and spending on U.S. home.
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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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The 0.9% drop in government construction projects was the first decline in five months. Spending by state and local governments fell 0.6% while construction spending by the federal government was.
Spending In April was revised up from a flat reading to a small gain of 0.4%.The weakness in May was widespread with spending on single-family homes and apartments down 0.6% while nonresidential construction fell 0.9%.
US construction spending drops 0.9% as housing drops to two-year low. By Associated Press , Wire Service Content May 1, 2019 By Associated Press , Wire Service Content May 1, 2019, at 10:07 a.m.
Spending In April was revised up from a flat reading to a small gain of 0.4%. The weakness in May was widespread with spending on single-family homes and apartments down 0.6% while nonresidential construction fell 0.9%. Spending on government projects also dropped 0.9%, led by a by decline in construction spending by the federal government.
· Spending In April was revised up from a flat reading to a small gain of 0.4%. The weakness in May was widespread with spending on single-family homes and apartments down 0.6% while nonresidential construction fell 0.9%. Spending on government projects also dropped 0.9%, led by a decline in construction spending by the federal government.
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WASHINGTON – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight. down 0.6% while nonresidential construction fell 0.9%..