Construction spending flatlines in May as homebuilding declines

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WASHINGTON, May 1 (Reuters) – U.S. construction spending unexpectedly fell in March after three straight monthly gains, pulled down by declines in both private. with spending on homebuilding.

Construction spending flat in May – apnews.com – WASHINGTON (AP) – 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 reported on Monday no increase in construction spending in May, which follows a report two.

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Construction spending flatlines in May as homebuilding declines Construction spending falls 1.8% from May in biggest drop since Jan. 2011 Trey Garrison was a Senior Financial Reporter for.

"Construction spending totaled $1.282 trillion in March, down 0.9 percent from February and down 0.8 percent from March 2018," Simonson noted. "However, the yearly decline was confined to single-family homebuilding, which fell by 8.4 percent over 12 months.

U.S. construction spending unexpectedly fell in March as a sharp decline in homebuilding led to the biggest drop in investment in private construction projects in more than seven years. The Commerce Department said on Tuesday construction spending tumbled 1.7 percent. February data was revised to show construction spending increasing 1.0.

Us Construction Spending Was Unchanged In April As Homebuilding Fell and related news – Financial New Index – Latest Business-Market news from around the web at one place

 · 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.

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.

Construction Employment Increases in 218 Metros from March. – Construction employment grew in 218, or 61 percent, out of 358 metro areas between March 2018 and March 2019, declined in 83 (23 percent) and was unchanged in 57, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Meanwhile, new federal data on construction spending showed mixed results, as a steep decline in single-family.

WASHINGTON – Construction spending fell again in April as home building continued a more than two-year-long. a key index of activity in the manufacturing sector showed an unexpected increase in May.