United States Construction Spending (MoM) Below Forecasts (0.3%) in April: Actual (-0.4%)

Nonresidential Construction Spending Dips in April

National nonresidential construction spending decreased 0.1% in April, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.

US Construction Spending Falls in April on Weakness in Single-Family Housing Projects

WASHINGTON(Reuters) – U.S. construction spending unexpectedly fell in April, weighed down by a decline in outlays on single-family housing projects amid higher borrowing costs and a rising supply of unsold homes. The Commerce Department’s Census Bureau said on Monday that construction spending dropped 0.4% after a downwardly revised 0.8% decline in March. Economists polled by Reuters had forecast construction spending rebounding 0.3% after a pre…

United States Construction Spending (MoM) below forecasts (0.3%) in April: Actual (-0.4%)

United States Construction Spending (MoM) below forecasts (0.3%) in April: Actual (-0.4%)