US Construction Spending Dips in July

US Construction Spending in July Extends Decline

U.S. construction spending dipped again in July, pulled down by weak investment in private nonresidential and multifamily projects amid high mortgage rates and elevated material costs. The Commerce Department’s Census Bureau said on Tuesday that total construction outlays slipped by 0.1 percent to a seasonally adjusted annual rate of $2.14 trillion, following a revised 0.4 percent drop in June. Compared with a year earlier, spending was down by …

U.S. construction spending fell in July amid a slow housing market

Construction spending was down 2.8% year-over-year in July, according to data from the U.S. Census Bureau

US construction spending dips in July

WASHINGTON (Reuters) -U.S. construction spending fell in July as high mortgage rates continued to constrain the housing market.

Construction spending pullback eases in July, as expected

U.S. construction spending slipped 0.1% M/M to $2,139.1B in July, matching the consensus and easing from June's -0.4%, according to data released by the U.S. Census Bureau on Tuesday.

Nonresidential construction spending falls in July

National nonresidential construction spending decreased 0.2% in July, according to an Associated Builders and Contractors analysis of data published Tuesday by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.24 trillion. Additionally, nearly one in four ABC members reported having a project interrupted or canceled due to tariffs in July.…

Construction Spending Edges Down in July – tEDmag

A new AGC survey found that tariffs, labor shortages, and other challenges have caused owners to cancel, defer, or shrink project starts.