Construction spending up 0.9% in May on surge in homebuilding

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The Commerce Department says spending fell 0.8% in May, the first decline since a 1.. 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%.. US Consumer Spending Surges 0.9% In March.

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%. spending on government projects also dropped 0.9%, led by a decline in construction spending by the federal government.

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%.

The weakness in May was widespread with spending on single-family homes and apartments down 0.6% while nonresidential construction fell 0.9%. Spending on government projects also dropped 0.9%, led.

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.

A surge in homebuilding pushed construction spending up 0.9% in May, the largest amount in five months, further indication that the housing sector is slowly recovering.Construction.

A surge in homebuilding pushed construction spending up 0.9% in May, the largest amount in five months, further indication that the housing sector is slowly recovering.Construction.

WASHINGTON — Spending on U.S. construction projects fell in May, the first drop in six months, as home-building fell for a.

New Hand Crafted Log Home Construction 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%. Spending on government projects also dropped 0.9%, led by a decline in construction spending by the federal government.

Construction spending up 0.9% in Nov.. U.S. construction spending rose 0.9 percent in November thanks to gains in both homebuilding and nonresidential projects across the public and private. February Personal Income was up a stronger-than-expect 0.6%, with a y-o-y gain of 5.3%.