Posts with tag Construction spending

WASHINGTON, July 2 (Reuters) - U.S. construction spending rose to its highest level in nearly two and a half years in May as investment in residential and federal government projects surged, a rare dose of good news for the flagging economic recovery. Construction spending increased 0.9 percent to an annual rate of $830... Continue Reading »

By Martin Crutsinger WASHINGTON -- U.S. builders increased their spending on construction projects for a second month in April. A pickup in home construction and commercial projects offset a fifth consecutive decline in government spending. Construction spending rose 0.3 percent in April, matching an upwardly revised... Continue Reading »

WASHINGTON -- Construction spending jumped in November as builders spent more on single-family homes, apartments and remodeling projects. The Commerce Department said Tuesday that spending on construction projects rose 1.2 percent in November, following a revised 0.2 percent drop in October. The increase was the third in... Continue Reading »

WASHINGTON -- U.S. builders increased spending on homes, office buildings and other projects in August after a big decline in July. The gain still left the construction industry far below levels considered healthy. Construction spending rose 1.4 percent in August, the Commerce Department said Monday. The increase... Continue Reading »

Las Vegas has seen its share of heavy construction equipment as it bulldozed its way through one giant casino project after another. But with the recession having gutted the construction industry, excavators and bulldozers near the Strip are being put to use as toys for thrill-seeking visitors. A business owner has... 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 »

After falling below spending levels not seen since over a decade ago, construction spending rose in March for the first time in three months, according to Census data released Monday. March construction spending was at a seasonally adjusted annual rate of $768.9 billion, or 1.4 percent above the revised estimate of $758.6... Continue Reading »

Home builders are sitting on their hands, as are apartment and government project builders, with building activity at around half the $1.5 trillion that would constitute a robust construction environment. Construction spending declined for the third month in a row in February, falling 1.4 percent, according to the... Continue Reading »

Construction spending in January fell to its lowest point in five months, thanks largely to weak private investment – a less-than-optimistic sign for housing market hopefuls. January construction spending slipped 0.7 percent to a seasonally adjusted rate of $791.8 billion, down from $797.6 billion in December,... Continue Reading »

The wobbly economic recovery is looking a bit wobblier, if you consider the Architecture Billings Index put out by the American Institute of Architects, which reflects not only how much work architects are getting but also suggests the status of construction spending and the overall health of the housing and real estate... Continue Reading »

Remember the good old days, when housing was the engine that kept our economy going? In 2003 and 2004, housing construction was one of the few sources of new jobs and new spending as the economy limped though its long, "jobless recovery" from the recession of 2001. The situation is reversed today. This time, the housing... Continue Reading »