Construction spending up 0.9% in May on surge in homebuilding

WASHINGTON (AP) – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell. Spending In April was revised up from a flat reading to a small gain of 0.4%.. Spending on government projects also dropped 0.9%, led by a by decline in construction spending by.

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U.S. homebuilding fell in May. 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.

Investment in homebuilding contracted 0.2 percent in 2018, the weakest performance since 2010. The soft housing data added to weak december construction spending. the most since December 2008 and.

The surge in residential investment fueled the housing bubble in the mid-2000s and was responsible for 6.6% of GDP in 2005. Residential fixed investment now makes up just 3.8% of. ADP jobs data and.

WASHINGTON – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a. Spending In April was revised up from a flat reading to a small gain of 0.4%.. Spending on government projects also dropped 0.9%, led by a decline in construction spending by the.

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%.

(May 2019). .2 billion. -13.0% decrease. (monthly change). Total investment in building construction – Canada (April 2019). $14.8 billion. 2.6% increase.

FHFA: Principal reduction would cost Fannie, Freddie $100 billion Fannie and Freddie already have cost taxpayers over $188 billion. s estimate is based on FHFA’s own analysis which was provided to the Treasury. “In view of the clear benefits that the use of.

1 day ago. Home construction overall was up 6.2% last month from June 2018.. Housing starts rose 31.3% from May to June in the Northeast and 27.1%.

WASHINGTON – U.S. construction spending. on the revised 0.9% gain in October. MANUFACTURING: Expands at a solid pace GOOD HIRING SIGN: Jobless claims slip Residential construction rose 1.9% in.

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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. Spending In April was revised up from a flat reading to a small gain of 0.4%.. Spending on government projects also dropped 0.9%, led by a decline in construction spending by the.

Reports last month showed homebuilding dropping to more than a two-year trough. The soft housing data added to weak December construction spending, retail sales, factory orders, exports and.

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