U.S. construction spending flat in April, little sign of housing rebound

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Permits for new home construction are. unlikely locale for a new housing bubble. There are at least 20,000 homes in some stage of foreclosure, and the jobless rate hovers near 10 percent, some two.

US construction spending up a strong 1.4 percent in October. nonresidential construction rose 0.9 percent after four straight declines. Spending on government projects jumped 3.9 percent, the biggest one-month gain in three years, with spending at the federal and state and local levels all showing increases.

WASHINGTON (AP) – U.S. construction spending was flat in May with homebuilding falling again, even as buyers face climbing prices and a shortage of available properties on the market.

when Statistics Canada releases figures for the April. construction, which is about double the share in the U.S. Falling house prices will also have a big impact on consumer spending as the net.

Toronto home sales up 18.9 per cent in May from last year, TREB says January home sales in GTA down 22 per cent from year ago. On a month-to-month basis, the number of GTA home sales was down 18 per cent from 4,904 in December but the average price improved somewhat from $735,088 in December — which was the second-lowest month in 2017. The number of new listings last month increased to 8,585,

US construction spending up 1.8 percent in April to record. The strength stemmed from a sizable 4.5 percent rise in residential construction, the biggest percentage gain since November 1993. Non-residential construction rose by a more modest 0.8 percent while spending on government projects fell 1.3 percent as both the federal government and state and local governments saw declines.

Construction is expected to contribute greatly to economic growth this year. The gain in home construction marked a rebound from the 2.6 percent drop seen in March and was driven by a 3.6 percent jump in the volatile apartment sector. Spending on single-family homes was flat in April.

U.S. construction spending surged 1.8 percent to a record high in April as home building rose by the largest amount in 24 years. The April gain reversed a 1.7 percent drop in March, the Commerce department reported friday. The strength stemmed from a sizable 4.5 percent rise in residential.

As a result, the U.S. equity market has made little. some signs of improvement in employee compensation. The employment cost index was up 2.5% in the first quarter. This sharp improvement (it was.

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US construction spending up 1.8 percent in April to record. Spending on single-family homes was flat in April. But the overall level of residential spending was the highest since October 2006. The increase in nonresidential spending included a 3 percent rise in spending on hotels and motels and a 1.8 percent rise in office building.

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