Construction spending up 0.9% in May on surge in homebuilding

Economic Indicator Division, Construction Expenditures Branch. May 1, 2019 – The U.S. Census Bureau announced the following value put in place construction statistics. billion, 0.9 percent (1.0 percent)* below the revised February estimate of $1,293.3 billion.. there was an increase or decrease.

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 · spending had a more subdued month. Electronic card spending in the core retail sectors rose by just 0.2%, and car registrations also rose slightly. Domestic tourist spending fell for a second month, leaning against the ongoing surge in overseas visitor spending. housing construction continued its upward trend, with a

US Construction Spending up Slightly 0.1 Percent in August – WASHINGTON (AP) – Spending on U.S. construction projects edged up a slight 0.1 percent in August as a strong gain in government spending offset weakness in home building and nonresidential..

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Under the public construction umbrella, spending in state and local government construction dropped 0.5% in the month, after declining 1.1% in the prior month. Highway construction was 0.9% down on a.

In May, the unemployment rate fell to 3.8 percent; it hasn’t been lower since 1969, though it edged up to. helped to spur home building. For several reasons, the United States in 1950 was at the.

Construction Spending Rises in January As Surge in. – Construction spending totaled $1.28 trillion in January at a seasonally adjusted annual rate, an increase of 1.3 percent from the December rate and a gain of 0.3 percent compared to January 2018. But the modest year-over-year increase masks a large disparity between homebuilding and most other segments, Simonson said.

All of that growth came from a 28.6 percent surge in multifamily housing that put apartment construction at its highest rate since November 2007. Starts for single-family houses slipped 0.9% last.

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WASHINGTON – Spending on U.S. construction projects edged up a slight 0.1 percent in August as a strong gain in government spending offset weakness in home building and nonresidential. covers.

Expectation: Construction spending is expected to rise 0.2 per cent month-over-month (mum) in May, from 0.3 per cent in April.All eyes are on whether U.S. builders spend more on contraction.