Construction spending came in weaker than expected in May. It would have taken some seriously high-powered fireworks in the employment figures to derail the Fed, which is widely expected to cut the.
reflecting increases in home building and renovations. Investment in private non-residential construction projects rose 0.6 percent to a near seven-year high, with spending on manufacturing plants.
U.S. construction spending surged in January to the highest level since 2007, in the latest indication that the economy was regaining momentum after slowing in the fourth quarter. Construction.
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Gains in homebuilding edged out losses in nonresidential spending, propelling total U.S. construction spending to an eight-year high in December. Total spending rose 0.1 percent during the month.
U.S. Construction Spending Reaches Eight-Year High . U.S. construction spending is on the rise, according to a new report from the Commerce Department. Spending in the public and private sectors was up a combined 1.5% in January for a seasonally adjusted total $1.14 trillion.
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U.S. construction spending rebounded slightly in December, helping push total spending for 2015 to the highest level in eight years. US construction spending hit 8-year-high in 2015 | KSL.com Skip.
Construction spending increased 1.0 percent to a seasonally adjusted $1.11 trillion rate, the highest level sinc U.S. construction spending rises solidly to near eight-year high | The Fiscal Times.
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Though homebuilding has been mostly responsible for the rise of construction spending over the last year, in October it was matched by nonresidential projects, a combination that boosted total.
Investment in private non-residential construction projects rose 0.6 percent to a near seven-year high, with spending on manufacturing plants rising a solid 3 percent. public construction outlays jumped 1.4 percent to a five-year high as a surge in federal government spending offset a dip in investment by state and local government.
Investment in private non-residential construction projects rose 0.6 percent to a near seven-year high, with spending on manufacturing plants rising a solid 3 percent.
"The industry would be adding more high-paid jobs if local, state and federal officials were investing more to build new and repair aging infrastructure." Construction employment achieved an eight-year high of 6,704,000 in November, an increase of 19,000 from October and 155,000 or 2.4 percent from a year ago.