U.S. construction spending flat in April, little sign of housing rebound
U.S. construction outlays rose in April after recording a fall in March. construction spending rose 1.8 percent in the month.
Construction is expected to provide a healthy contribution to economic growth this year. The gain in home construction marked a rebound from a 2.6 percent drop in March and was driven by a 3.6 percent jump in the volatile apartment sector. Spending on single-family homes was flat in April.
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.
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WASHINGTON (AP) – U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this year.
Auto sales were flat on balance. The majority of Districts indicated that manufacturing expanded, but that growth had slowed, particularly in the auto and energy sectors. New home construction and.
WASHINGTON, (Reuters) – U.S. construction spending was unexpectedly flat in January as a surge in investment in public construction projects was offset by a decline in private outlays.
WASHINGTON (AP) – U.S. construction spending surged 1.8 percent to a record high in April as home building rose by the largest amount in 24 years.
U.S. Construction Spending Flat in April, Little Sign of Housing Rebound "Construction spending in the U.S. was basically flat in April, suggesting little pickup in the housing industry despite.
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Construction spending in the U.S. was basically flat in April, suggesting little pickup in the housing industry despite tumbling mortgage rates. Economists surveyed by MarketWatch had predicted a 0.3% increase. construction outlays rose at a 1.3 trillion annual rate in April, virtually identical to March, the Commerce Department said Monday.