Construction spending flatlines in May as homebuilding declines

There was an unexpected decline. 6 percent in May, the lowest level since December 2016. Homebuilding has remained weak even as mortgage rates have dropped sharply from last year’s high levels..

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There was an unexpected decline in construction spending this past May. Spending on residential construction has contracted for five straight.

Construction spending flatlines in May as homebuilding declines Residential construction shrank 1.5% from April

Construction spending flatlines in May as homebuilding declines WASHINGTON 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. The Commerce.

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WASHINGTON – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month.The commerce department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion.

Revenge of the Nerds: QSPEs an Endangered Species Bair: 3,500 Mortgages Modified at IndyMac Under FDIC Program fitch downgrades national city, Wamu, Others on Home Equity concerns construction spending flatlines in May as homebuilding declines In this Thursday, May 9, 2013 photo, workmen pour the concrete deck on the east end of the new.

Contents Raised interesting dynamics Peer lending) funding circle Construction spending flatlines in May as homebuilding declines WASHINGTON (AP) – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth Read more.

Wells economist: Foreclosure supply points to ‘long, arduous’ recovery JPMorgan Chase reportedly settles with FHFA for $4B The US banking giant JP Morgan & Co is on the brink of agreeing to a $13bn settlement with investigators to resolve. as well as lawsuits brought by the federal housing finance agency (fhfa), the."Foreclosure starts (the first notice filed, either a Notice of Default or Notice of Trustee Sale depending on the state) rose in all five states ((AZ, CA, NV, OR, WA) in large part driven by increased foreclosure activity by Bank of America and its affiliates that saw an 116 percent from July to August in foreclosure activity."

Construction spending flatlines in May as homebuilding declines Despite the flat month, construction spending’s total of $1.23 trillion was up 4.5 percent from the year-ago, May 2016 figure. private residential spending fell 0.5 percent to a seasonally.

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Construction spending flatlines in May as homebuilding declines Construction spending flat in May – Finance & Commerce – WASHINGTON – 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. The Commerce.

WASHINGTON (AP) – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. The Commerce Department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion.

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