Construction spending up 0.9% in May on surge in homebuilding

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

 · US construction spending drops 0.9% as housing takes a hit.. May 1, 2019 Share adjust. home building has wobbled but is expected to rebound as.

Jobless rates stay level or improve in 32 states Pre-owned vehicle prices subsequently skyrocketed by a stratospheric 32 percent. their lofty levels because of looser lending standards, recovery in the housing and construction markets, a gradual.

Total construction spending in the nation – which includes both residential and nonresidential construction – increased 0.9 percent. in May from the previous month, totaling $562.3 billion..

 · Private nonresidential construction was up 0.4 percent while public construction rose 0.9 percent. Construction spending is expected to keep growing this year, fueled by more homebuilding.

Construction dips 0.9% as apartments surge. edged up 0.3% in May to an annual rate of 1.29 million.. The latest National Association of Home Builders/Wells Fargo survey showed builder.

Applications for building permits, a good sign of future activity, edged up 0.3% in May to an annual rate of 1.29 million. Construction of single-family homes fell 6.4% in May while construction.

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WASHINGTON (Reuters) – U.S. homebuilding fell in May. 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units, the.

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.

Reports last month showed homebuilding dropping to more than a two-year trough. The soft housing data added to weak December construction spending, retail sales, factory orders, exports and.

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.Construction.

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WASHINGTON – U.S. construction spending dropped in March or the first time in four months, and spending on U.S. home construction fell to the lowest level in more than two years. The Commerce Department says construction spending – including housing, nonresidential and government building projects – fell 0.9% to a seasonally adjusted annual rate of [.]

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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.