WASHINGTON (AP) — Spending on U.S. construction projects increased 0.9% in November as strength in home building offset weakness in other parts of the construction industry.
SILVER SPRING, Md. (AP) — U.S. construction spending jumped 1.3% in October, again on the strength of single-family home building.
The October gain follows a downward revision in September...
LANSING, Mich. (AP) — Gov. Gretchen Whitmer said Monday she will allow commercial and residential construction to restart in Michigan within a week or two and is taking a “hard look” at whether to...
WASHINGTON (AP) — The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building.
The Commerce Department said Wednesday that housing starts...
LOS ANGELES (AP) — Homebuilders are ramping up for the looming spring homebuying season, which begins in late February and sets the pace for residential construction activity for the year.
Higher mortgage rates last year drove up borrowing costs, stretching the limits of affordability for many would-be buyers. Sales of new U.S. homes declined 12 percent in the first 10 months of 2018 from a year earlier.
WASHINGTON (AP) — Spending on U.S. construction projects fell 0.1% in October, the third consecutive monthly decline, as weakness in home building and non-residential construction offset a rebound in government projects.
A look at some of the key business events and economic indicators upcoming this week:
BREAKING GROUND
Builders are putting up more single-family houses to help meet demand amid a national shortage of homes for sale.
WASHINGTON (AP) — U.S. builders pushed construction spending up 0.7 percent in December to a record high, though it was the weakest performance since they began to emerge from the financial crisis.
The upward spending marks the fifth consecutive monthly gain, with all major sectors showing modest increases.
A look at some of the key business events and economic indicators upcoming this week:
BREAKING GROUND
New government data on residential construction should provide insight into the state of the new-home market.
WASHINGTON (AP) — U.S. builders trimmed spending on construction projects in August for a second straight month with housing, non-residential and government activity all seeing declines.
Construction spending dropped 0.7 percent in August after a 0.3 percent slip in July, the Commerce Department reported Monday. It was the third decline in the past five months.