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.

 · Housing starts dropped 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units, the government said.

13 days ago · 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.

Beach House Builder Construction Games 2018 (May 2019). $8.2 billion. -13.0% decrease. (monthly change). Total investment in building construction – Canada (April 2019). $14.8 billion. 2.6% increase.

WASHINGTON – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a.

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The 2.8% increase in spending for new construction last month helped push total spending in that category up 9.6% for the entire year to a total of $343 billion.

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 · Spending on nonresidential projects rose 0.9%. November spending of $1.18 trillion was 4.1% above a year ago and the highest since April 2006.

WASHINGTON – Spending on U.S. construction projects rose in December, ending a year in which construction activity increased for the first time in six years. The Commerce Department says.

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 decline in construction spending by the federal government.

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 · Spending on public construction dropped 0.4 percent in May from the prior month, led by a 1 percent decline for state and local government agencies. The value of such projects fell to $242.6.

WASHINGTON (AP) – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for.