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Construction spending up 0.9% in May on surge in homebuilding

US construction spending drops 0.9% as housing takes a hit.. May 1, the Commerce Department reports on U.S. Home building has wobbled but is expected to rebound as the Federal Reserve backs.

 · Inflation threat grows as raw material costs are passed on to customers. the cost of finished goods rose by 0.9% in March, after producer input prices jumped 3.7%.. ONS data for the.

Construction spending increased by 1.3 percent from December to January as gains in apartment construction and most private and public nonresidential project types outweighed a slump in single-family homebuilding, according to an analysis of new government data by the Associated General Contractors.

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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Expectation: Construction spending is expected to rise 0.2 percent month-over-month (MoM) in May, from 0.3 percent in April. All eyes are on whether U.S. builders spend more on contraction projects after recent data suggest that the housing market is finally improving.

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WASHINGTON – U.S. construction spending dropped in March or the first time in four months, and spending on U.S. home construction fell to the lowest level in more than two years. The Commerce Department says construction spending – including housing, nonresidential and government building projects – fell 0.9% to a seasonally adjusted annual rate of [.]

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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.

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U.S. Construction Spending Unexpectedly Tumbles 0.9% In March – A report released by the Commerce Department on Wednesday showed an unexpected pullback in U.S. construction spending in the month of March. The report said construction spending slumped by 0.9 percent to an annual rate of $1.282 trillion in March after climbing by 0.7 percent to a revised rate of $1.293 trillion in February.

US construction spending drops 0.9% as housing takes a hit.. May Day 2019 march and rally in downtown Seattle. Home building has wobbled but is expected to rebound as the Federal Reserve.