U.S. construction spending rose by 0.5% in September, boosted by government and private residential projects.

Tagged with: construction spending Residential Construction U.S. Department of Commerce

U.S. construction spending ticked up just 0.1% in July, aided by government spending on schools, sewers and the water supply.

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Spending on U.S. construction projects fell in June by the largest amount in seven months, a result of weakness in home building, nonresidential construction and the largest drop in spending on government projects in 17 years.

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The latest BuildFax Housing Health Report revealed blanket year-over-year declines in single-family housing authorizations, maintenance and remodel volumes. However, spend on the existing housing stock increased within the same time frame, likely a result of a tightening construction labor and materials markets.

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Spending on U.S. construction projects decreased in May, showing the first drop in six months, as home building fell for a fifth straight month.

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Spending on U.S. construction projects was unchanged in April as another decline in home construction was offset by a big gain in government spending on projects like highways and hospitals.

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U.S. companies in April added the most jobs in 9 months, a sign that hiring remains strong amid solid economic growth.

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U.S. construction spending rose a solid 1 percent in February, led by a strong gain in spending on government projects, which hit an all-time high.

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Spending on U.S. construction projects in January showed its biggest gain in nine months, as strength in nonresidential construction and government projects offset continued weakness in home construction. The Commerce Department says that construction spending rose 1.3

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U.S. construction spending edged down 0.6 percent in December, showing declines for residential construction and government projects. But even with the setback in December, construction spending for all of 2018 reached record levels, although it was the smallest increase seen in seven years.

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