Jan 3rd 2012 12:20PM
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 »
Oct 3rd 2011 10:41AM
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 »
Sep 2nd 2011 8:30AM
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 »
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 »
