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.

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WASHINGTON – U.S. construction spending was flat in May with homebuilding falling again. private residential construction fell 0.6 per cent in May, the first decline in that category since April.

Housing demand to grow as new immigrants arrive Attrition will diminish the demand for housing, but the growing tendency of older adults to remain in their own homes is likely to smooth the supply of housing from attrition. The number of older adults will decline by about 180,000 in the 2010s, 235,000 in the 2020s, and 308,000 in the 2030s.

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. The Commerce.

There was an unexpected decline in construction spending this past May after investment in private construction projects dropped to its lowest level in nearly two and a half years.

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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. US construction.

Private Residential Construction Spending Declines in May By Na Zhao on July 5, 2017 (). NAHB analysis of Census Construction Spending data shows that total private residential construction spending fell 0.6% in May, the first decline after a strong start this year and the largest one since June 2014.

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Spending on private construction projects dropped 0.7% in May to the lowest level since January 2017. That followed a 1.0% decline in the prior month. have now declined for five straight months..

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 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.

WASHINGTON (AP) – Spending on residential housing rose in May to the highest level in 4½ years, helping to send overall construction spending higher. While higher rates could dampen home building,

WASHINGTON (AP) – Spending on U.S. construction projects decreased in May, showing the first drop in six months, as spending on home building fell for a fifth straight month. The Commerce Department reported on Monday that spending fell by 0.8% in May, showing the first decline since a 1.3% drop.

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