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 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 – 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.

Total Construction . Construction spending during May 2019 was estimated at a seasonally adjusted annual rate of $1,293.9 billion, 0.8 percent (±1.2 percent)* below the revised April estimate of $ 1,304.0 billion. The May figure is 2.3 percent (±1.5 percent) below the May 2018 estimate of $1,324.3 billion. During the first five months of

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WASHINGTON (AP) – Spending on residential housing rose in May to the highest level in 41/2 years, helping to send overall construction spending higher. While higher rates could dampen home building.

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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) – 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 reported on Monday no increase in construction spending in May, which follows a report two weeks ago showing that housing starts fell for the third straight month.

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.