· WASHINGTON – 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.
Overall construction spending was reported at a seasonally adjusted annual rate of $1.23 trillion, the same as last month’s revised figure. The flat May number follows April’s decline of 0.7 percent, which was revised from an originally reported drop of 1.7 percent.
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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.
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 says spending fell 0.8%, the.
Government construction spending rose at the state and federal levels after declines last month. State and local government construction rose 1.7 percent after last month’s decline of 2.7 percent.
Zillow appoints Errol Samuelson to new executive position Realtors fret over growing number of off-market home sales – Errol Samuelson with Zillow. few agents get to see the listing,” Samuelson said. “You are not exposing that listing to a broader audience.” On-line home marketing firm Zillow is also taking a new.
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.
In September, the estimated seasonally adjusted annual rate of public construction spending was $270.9 billion, 1.3% below the revised August estimate of $274.4 billion.
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WASHINGTON – U.S. construction spending barely increased in May as gains in spending on nonresidential projects such as office buildings and public construction were largely offset by a big drop in.
WASHINGTON (AP) – Spending on U.S. construction projects fell 0.1% in October, the third consecutive monthly decline, as weakness in home building and non-residential. Construction has been weak.
(CN) – Construction, projected to be a key pillar of economic growth for the rest of the year, was flat in May, as flagging new home building continues. fifth straight monthly decline for the.
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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. US construction.
Homebuilding took a big hit, with private residential spending falling 1.5% after rising 0.5% the month before. Construction spending flatlines in May as homebuilding declines | 2014-07-01.
Freddie Mac: Baby Boomers pushing Millennials out of housing market It’s important for millennials to benefit from some of this left and right, back and forth, that the boomers experienced, even if we’re going to end up coming out in a different place than the.