Posts with tag Commerce Department report

By Martin Crutsinger WASHINGTON -- U.S. builders started work on more single-family homes in May and requested the most permits to build homes and apartments in 3½ years. The increase suggests that the housing market is slowly recovering even as other areas of the economy have weakened. The Commerce Department... Continue Reading »

Builders cut back on spending by the largest amount in six months in July with sharp reductions in outlays for government building projects. Construction spending fell 1.3 percent to a seasonally adjusted annual rate of $789.5 billion, the Commerce Department reported Thursday. That is 3.5 percent above an 11-year low... Continue Reading »