Jul 2nd 2012 11:30AM
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 »
Nov 1st 2011 1:35PM
WASHINGTON -- U.S. builders spent slightly more in September on home construction, partially offsetting losses in public schools, roads and government offices. Construction spending rose 0.2 percent in September from August to a seasonally adjusted annual rate of $787.2 billion, the Commerce Department said Tuesday. It... Continue Reading »
Sep 1st 2011 3:30PM
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 »
May 2nd 2011 12:00PM
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 »
Jun 16th 2010 4:15PM
What happens when there is bad housing news that nobody hears? Is it like the proverbial tree falling in the forest? Does it mean the bad news won't have a negative effect? New construction of homes dropped by 10 percent in May from the previous month, to a seasonally adjusted 593,000, according to new figures released by... Continue Reading »
