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Construction is expected to contribute greatly to economic growth this year. The gain in home construction marked a rebound from the 2.6 percent drop seen in March and was driven by a 3.6 percent jump in the volatile apartment sector. Spending on single-family homes was flat in April.
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.
U.S. Construction Spending Flat in April, Little Sign of Housing Rebound "Construction spending in the U.S. was basically flat in April, suggesting little pickup in the housing industry despite.
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US construction spending up 1.8 percent in April to record. The strength stemmed from a sizable 4.5 percent rise in residential construction, the biggest percentage gain since November 1993. Non-residential construction rose by a more modest 0.8 percent while spending on government projects fell 1.3 percent as both the federal government and state and local governments saw declines.
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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.
WASHINGTON (AP) – U.S. construction spending rose a solid 1 percent in February, led by a strong gain in spending on government projects, which hit an all-time high. The February increase.
A 155-unit apartment project under construction at North Interstate. percent in the last report released in April. Portland has one of the tightest markets for rental housing in the nation,
Job openings in the U.S. April, is little changed from a year ago, when it was 1.6 percent. It averaged 2 percent during the previous expansion and went as high as 2.3 percent in late 2006..
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US construction spending up a strong 1.4 percent in October. Nonresidential construction rose 0.9 percent after four straight declines. Spending on government projects jumped 3.9 percent, the biggest one-month gain in three years, with spending at the federal and state and local levels all showing increases.