Construction spending up 0.9% in May on surge in homebuilding

Foreclosures drop to lowest level since 2007 In the fourth quarter, lenders sent county homeowners 815 default notices, the lowest number in three years. The reason is the drop in foreclosures appears to be offset by an increase in the number.

Separately, the slowdown in housing starts and construction spending (-5.7% and -19.9% year-over-year, respectively) follows a surge in March (10% and 66.7. but consumption will slow from the heady.

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A softening in the multifamily segment is something to keep an eye on even as overall homebuilding — which includes single-family dwellings that make up the largest. which provides.

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A surge in single-family housing starts was overshadowed by a fall in the multi-family homebuilding units. 6.1% drop in building permits depicts builders’ inability to speed up construction even.

Home prices in Santa Clara County shoot up

WASHINGTON – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight. down 0.6% while nonresidential construction fell 0.9%.

WASHINGTON (AP) – Spending on U.S. construction projects edged up a slight 0.1 percent in August as a strong gain in government spending offset weakness in home building and nonresidential.

This infrastructure pipeline represents more than 600 billion of spend over the next.. with site preparation – speeding up construction and reducing disruption.. The government committed in the Industrial Strategy white paper to increase. on R&D in the construction sector was 211 million in 2016, 0.9% of total UK.

Editor's note: Construction Citizen is proud to partner with AGC America to bring. up 0.1% y/y, a sharp deceleration from the 7.9% increase one year earlier.. The PPI for nonenergy goods inputs rose 0.9% y/y; the index for services. blog on Monday that homebuilding "labor and subcontractor shortages.

"If the fed thinks rate cuts are going to send housing construction up like a rocket, they better think again." Housing starts decreased 0.9% to a seasonally. plunge in multi-family homebuilding,

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first half of 2018 and has remained at or above 4.50% since May.. Despite the rise in mortgage rates, refinancing activity was up 1.84% in the first.. 0.9%. 8.5% . San Francisco. 1.1%. 10.9%. los angeles. 0.5%. 7.6%. In the first half of 2018, nonresidential construction spending was.. Homebuilders.

WASHINGTON (Reuters) – U.S. homebuilding fell in May. 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units, the.