Construction spending up 0.9% in May on surge in homebuilding

Construction spending up 0.9% in Nov.. U.S. construction spending rose 0.9 percent in November thanks to gains in both homebuilding and nonresidential projects across the public and private.

 · NAHB analysis of census construction spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (saar) of $520.9 billion in August, 0.5% up from downwardly revised july estimates. It was.

US construction spending drops 0.9% as housing drops to two-year low. By Associated Press , Wire Service Content May 1, 2019 By Associated Press , Wire Service Content May 1, 2019, at 10:07 a.m.

 · Construction Spending Up 0.9% in December 10:00 AM ET Fri, 1 feb 2013 cnbc’s Rick Santelli reports the latest numbers on the economy from the business community.

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New Home Sales missed estimates in May following two strong months. be added with average hourly earnings picking up to 3.2%. Construction spending data on Monday is the other notable release.

Spending In April was revised up from a flat reading to a small gain of 0.4%. The weakness in May was widespread with spending on single-family homes and apartments down 0.6% while nonresidential construction fell 0.9%. Spending on government projects also dropped 0.9%, led by a by decline in construction spending by the federal government.

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Also, higher spending on technological advancements. the industry’s earnings estimates for the current year have gone up 0.9%. Before we present a few accident and health insurance stocks that.

The May weakness reflected declines in a number of areas including office buildings and the category that covers shopping centers. 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 down a larger 5.2%.

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Spending In April was revised up from a flat reading to a small gain of 0.4%.The weakness in May was widespread with spending on single-family homes and apartments down 0.6% while nonresidential construction fell 0.9%.

A surge in homebuilding pushed U.S. construction spending up by the largest amount in five months, the latest indication that the housing sector is slowly recovering. Construction spending rose 0.9 percent in May, following a 0.6 percent rise in April, the Commerce Department reported Monday, July 2, 2012.