WASHINGTON (AP) – U.S. construction spending fell for a second month in May, with weakness hitting all areas of building.. US construction spending fell again in May. Spending on housing.
“It woke us. Spending on U.S. construction projects was unchanged in April as another decline in home construction was offset by a big gain in government spending on projects like highways and.
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WASHINGTON (AP) – Spending on U.S. construction. 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. Spending In.
US construction spending fell 1.3 percent from a month earlier at a seasonally adjusted annual rate of USD 1.29 trillion in June of 2019, following a downwardly revised 0.5 percent decline in the previous month and against market expectations of a 0.5 percent rise. It was the largest drop since November last year.
Australian shares are set to open flat as markets had a muted reaction. UK Bank of England bank rate and inflation report;.
Construction of new US homes fell for a second straight month in April, pushing activity to the lowest point in five months. The Commerce Department says housing starts fell 2.6 per cent in April.
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Home / Nation & World / Construction spending flat in April as housing fell The Commerce Department said Monday that construction spending in the private sector dropped 1.7 percent in April.
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Permits to build single-family homes dropped 4.2% to a rate of 782,000 units in April. The number of houses under construction fell last month as did competitions. Starts for the volatile multi-family.
· multifamily starts decline, Single-Family Permits Soft in April. Focusing on housing’s economic impact, 57% of homes under construction in April were multifamily (617,000). This multifamily count is almost 9% higher than a year ago, although in recent months this total has flattened, consistent with our forecast.
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U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage rates.
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.