US construction spending fell 2.1% in May

July 1, 2020 9:29 am Leave a comment

U.S. construction spending fell for a second month in May with both home building and nonresidential activity declining.

Tagged with: Commerce Department construction spending

US new-home sales post slight gain in April

May 26, 2020 10:51 am Leave a comment

Model homes and for-sale signs line the streets as construction continues at a housing plan in Zelienople, Pennsylvania, on March 18. U.S. new home sales fell 4.4% in February, and bigger declines are expected in coming months as the coronavirus puts a major crimp on home sales. (AP Photo/Keith Srakocic)

U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative health of potential buyers.

Tagged with: Commerce Department Residential Construction

US construction spending dips 0.2% in December

February 3, 2020 10:15 am Leave a comment

Workers put up a building under construction in Philadelphia on Dec. 3. Spending on U.S. construction projects edged down a slight 0.2% in December 2019, closing out a year when total construction showed its first annual decline in eight years. (AP Photo/Matt Rourke, File)

Spending on U.S. construction projects edged down by a slight 0.2% in December, closing out a year when total construction showed its first annual decline in eight years.

Tagged with: Commerce Department Residential Construction

US construction spending up 0.1 percent in May

July 1, 2014 4:10 pm Leave a comment

With trowels in hand, Nate Taylor, an employee of Berghammer Corp., Butler, smooths out freshly poured concrete while working on a lower level of the Skilled Nursing Facility Friday, June 6 at Siena on the Lake in Racine. Berghammer Corp. is overseeing the project which is now in its second phase and will see the creation of the construction of the Skilled Nursing Facility, Community Wellness Center and remodeling of existing buildings on the site. (Staff photo by Kevin Harnack)

U.S. construction spending barely increased in May as gains in spending on non-residential projects such as office buildings and public construction were largely offset by a big drop in home building.

Tagged with: Commerce Department construction spending

US home building climbs 13.2 percent in April

May 16, 2014 10:44 am Leave a comment

Kevin Kelly, an employee of Air Temperature Services Inc., Madison, of forms an eight-inch by 10-inch section of ducting while at the City View apartment project Tuesday, April 29 in Madison. Stevens Construction Corp., Madison, is overseeing construction of the 13-story, 50,700-square-foot project which will be complete this summer. (Staff photo by Kevin Harnack)

U.S. home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes.

Tagged with: Commerce Department home building homebuilders

Construction spending rises in March

May 1, 2014 3:23 pm Leave a comment

Pete Ruonavaara, an employee of VJS Construction Services, Inc., Pewaukee, installs a wall tie prior to a concrete pour at the site of Avenir Apartments Monday, April 21 in Milwaukee. VJS Construction is overseeing construction of the five-story, 117,530-square-foot building which will feature retail space and 86-apartment units. The project is expected to be complete by the end of the year. (Staff photo by Kevin Harnack)

U.S. construction spending rose slightly in March, fueled by increases for apartments, single-family homes, factories, health care centers and office projects.

Tagged with: Commerce Department construction spending jobs

Sales of new homes up in Jan.

February 26, 2014 11:47 am Leave a comment

a sold sale sign hangs in front of a house in Mount Lebanon, Pa. The Commerce Department releases new home sales for January on Wednesday, Feb. 26, 2014. (AP Photo/Gene J. Puskar)

U.S. sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising interest rates.

Tagged with: Commerce Department home sales

Homebuilder confidence surges in December

December 17, 2013 10:22 am Leave a comment

Will Hostetler, a carpenter with Larry Block Builders, carries trim downstairs at a new home under construction, in Pepper Pike, Ohio. The Commerce Department reports on the number of permits requested in October and September to build homes, on Tuesday, Nov. 26, 2013. (AP Photo/Tony Dejak)

U.S. homebuilders' confidence bounced back strongly this month, a sign that construction and industry hiring may pick up in coming months.

Tagged with: Commerce Department Freddie Mac homebuilder confidence homebuilders National Association of Home Builders

US apartment permits rise to 5-year high

November 26, 2013 2:41 pm Leave a comment

Justin Losey, an employee of Stevens Construction Corp., Madison, ties rebar to form a column base Wednesday, Nov. 13 at The Standard @ East Library in Milwaukee. Stevens Construction Corp. is overseeing the project which is slated to be complete next summer. The five-story mixed use building will provide a new home for the East Branch of the Milwaukee Public Library, as well as, underground parking stalls, 99 apartments and retail space owned by HSI Properties, LLC, Waukesha. (Staff photo by Kevin Harnack)

U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year.

Tagged with: apartments Commerce Department permits single-family homes

Construction spending up 0.6 percent in August

October 22, 2013 11:16 am Leave a comment

Ben Blodgett, a carpenter with TDS Custom Construction, Inc., Madison, builds a staircase Wednesday, Sept. 25 while working to renovate a home in Madison. The firm is performing restoration work to the building, adding a deck and an addition to the house and plans to be complete in October. (Staff photo by Kevin Harnack)

Spending on U.S. construction projects rose at a solid pace in August, helped by further gains in residential building. Overall construction activity climbed to the highest level in more than four years.

Tagged with: Commerce Department homebuilders spending