Construction spending up 0.9% in May on surge in homebuilding

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This Swiss Builder uses NO INSULATION. Reuters U.S. construction spending was unchanged in July as weakness in spending on government projects offset gains in home building and the strongest. Spending in June is now reported up 0.9.

 · The Commerce Department says construction spending – including housing, nonresidential and government building projects – fell 0.9% to a seasonally adjusted annual rate of $1.28 trillion after.

WASHINGTON (AP) – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a. Spending on government projects also dropped 0.9%, led by a decline in construction spending by the. in spending on new single-family homes partially offset by a 1.9% rise in.

Weak construction spending was the latest indication that economic growth. Homebuilding has remained weak even as mortgage rates have. In May, investment in public construction projects fell 0.9% after surging 4.5% in April.. Sign up for free newsletters and get more CNBC delivered to your inbox.

Separately, the slowdown in housing starts and construction spending (-5.7% and -19.9% year-over-year, respectively) follows a surge in March (10% and 66.7. but consumption will slow from the heady.

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WASHINGTON (AP) – U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing. Strength in home building has been one.

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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

Construction of highways and streets plummeted 1.9% m/m (+13.2% y/y) in March but this was after having jumped up 11.4% m/m in January and 8.9% m/m in February. For all of the first quarter, construction of highways and streets soared 15.1% q/q. The construction spending figures, some of which date back to 1946, are in Haver’s USECON database

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 · 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.

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