Construction spending flatlines in May as homebuilding declines

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.

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 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.

Construction spending reached a record level of $1.309 trillion in May as monthly increases in residential and public investment outweighed a decline in private nonresidential. “Single-family.

Morgan Stanley revises house prices downward, again FHFA: Mortgage rates continue to climb The FHFA reported that mortgage contract rates on purchases of newly built homes rose 11 basis points to 4.44 percent over the month of April. Since reaching 3.93 percent in October 2017, mortgage rates on newly built homes have climbed 51 basis points.European shares closed at a two-week low on Thursday weighed down by pharma stocks on worries that US government may.

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.

May construction spending flat-lined in May, rising a statistically insignificant 0.1 %, far below analyst expectations. Outlays increased 0.1% after.

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.

Construction spending came in weaker than expected in May, but lower interest rates. peak earnings season which begins in two weeks. The Homebuilding (ITB) and Homebuilding Products (XHB.

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.

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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.

Construction spending flatlines in May as homebuilding declines S&P/Case-Shiller: U.S. home prices fall 2.4% home prices maintain upward trajectory A growing economy, pent-up demand, competitive mortgage rates and affordable home prices will keep housing on an upward trajectory through 2015.

Residential construction spending never fully recovered from the 65% collapse. It bottomed out in May 2018, and has since started to recover.