U.S. Construction Spending Dips Slightly More Than Expected In May
11 Articles
11 Articles
Trump’s policy chaos is shrinking private construction, employers group says - Global Construction Review
US construction spending in May saw its biggest year-on-year slump in six years as developers delay or cancel projects amid confusion over US President Donald Trump’s policies on tariffs, labour and tax, employers group the Associated General Contractors of America (AGC) said yesterday. May saw the fourth monthly spending decline in a row, dropping 0.3% from April and 3.5% from a year earlier. AGC said it’s the biggest fall since February 2019,…
Alarming Drop in New Home Sales Sparks Housing Market Concern - New York Weekly
By: Luka Tvaradze The demand for newly built homes has fallen to its lowest point in nearly three years, signaling a pronounced deceleration in the housing sector. Recent data reveals that homebuilders nationwide are preparing for a marked downturn in construction activity in the near future. Nick Gerli, a real estate strategist, stated that buyers are largely disengaging from homes that are either under construction or have approved permits. He…
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