U.S. construction spending flat in April, little sign of housing rebound

WASHINGTON – U.S. construction spending climbed in April to the highest level in more than six years, fueled by healthy gains in housing, government spending and non-residential construction. Construction spending advanced 2.2 per cent in April to a seasonally adjusted annual rate of $1 trillion.

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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.

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WASHINGTON, (Reuters) – U.S. construction spending was unexpectedly flat in January as a surge in investment in public construction projects was offset by a decline in private outlays.

Construction spending in April remained practically unchanged for the third consecutive month: The U.S. census bureau reported that the overall construction spending has been flat for the past three months, down 1.2% from a year ago and 2% down since its peak in May 2018, giving little signs of hope for a housing rebound or a cure to the

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See today’s market news from Reuters, MarketWatch, Business Wire and PR Newswire. U.S. construction spending flat in April, little sign of housing . 10:32 AM ET (MarketWatch). June 3, 2019. UPDATE: U.S. construction spending flat in April, little sign of housing . 10:32 AM ET (MarketWatch.

Construction spending in the U.S. was. predicted a 0.3% increase. Construction outlays rose at a 1. outlays declined on new homes. Construction spending is down 1.2% compared. Read More

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News > Business U.S. construction spending rebounded 0.5 percent in August. Mon., Oct. 2, 2017, 10:27 a.m. Construction workers work on a condominium project in Coral.

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US construction spending up 1.8 % in April. Spending on single-family homes was flat in April. But the overall level of residential spending was the highest since October 2006. The increase in nonresidential spending included a 3 percent rise in spending on hotels and motels and a 1.8 percent rise in office building.