Construction spending up 0.9% in May on surge in homebuilding

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The largest public building construction type – educational construction – inched up 0.4% over the year. Spending on single-family homebuilding increased 8.2% from May 2017 to May 2018, while multifamily construction spending climbed 4.2% over that period, Simonson notes. He adds that private nonresidential spending showed a mixed pattern.

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.

Oriented strand board (OSB) led price increases, up 7.1% since March (not seasonally adjusted).. The 0.9% increase in prices paid for residential construction inputs. inputs to residential construction has only declined twice- in May and. ADC Building Materials construction construction spending.

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balance sheet by up to a combined $10 billion of Treasury bonds and mortgage-backed securities each month. This amount will increase until $50 billion per month is shed from the Fed’s books. HOUSING U.S. homebuilding fell for a second straight month in August as a rebound in the construction.

The uptick in spending was driven by a 1% monthly increase in the homebuilding sector and a 0.9% increase in the private nonresidential sector.. US construction spending hits new all-time high.

WASHINGTON (MarketWatch) – U.S. construction outlays increased 0.9% in March, boosted by robust home building, the Commerce Department said Monday. Outlays for residential construction increased 1.

Sharga: Several more years with nearly 1M foreclosures per year kind. The last demand by Whitaker Bank was $3.35 million dollars, nearly $1M more than its loan balance at the time of foreclosure last year. In contrast, the Associations have offered Whitaker Bank $2.75M as their "final and best offer." While this offer was higher than anyone

Consumers will cautiously boost spending in response to gains in employment, income, and household net worth. Homebuilding will rise in 2014-16 as supply catches up with demand. capital spending will accelerate in 201415 in response to global market growth, replacement needs,

Construction spending ticks up in May as housing takes a breather. – Expenditures on construction projects rose at a cooler pace in May. construction spending data is volatile, but the trend is solidly up, in a good sign for the economy.. meanwhile, was 0.8% higher after a strong monthly increase in April.. 1.8% gain was axed to just 0.9%),” she wrote in a research note.

US construction spending rose 0.4 percent in May – WASHINGTON (AP) – Spending on U.S. construction projects edged up 0.4 percent in May, while April’s figure was revised down significantly – signs that new building is still uneven despite a growing economy. The uptick in May brought total construction spending to a seasonally adjusted all-time high of $1.31 trillion, 4.5 percent higher than a year ago, the Commerce Departments said Monday.