Construction spending flatlines in May as homebuilding declines

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 · WASHINGTON (AP) – U.S. construction spending was flat in May with homebuilding falling again, even as buyers face climbing prices and a shortage of available properties on the market.

Spending on U.S. construction projects was unchanged in April as another decline in home construction was offset by a big gain in government spending on projects like highways and hospitals.

Construction spending beats expectations, rises 1.3% Construction spending flatlines in May as homebuilding declines Residential construction shrank 1.5% from April

Construction spending flatlines in May as homebuilding declines Private Residential Construction Spending Declines in May. – Private Residential Construction Spending Declines in May By Na Zhao on July 5, 2017 (). NAHB analysis of census construction spending data shows that total private residential construction spending fell 0.6% in May, the first decline after a strong start this year and the largest one since June 2014.

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WASHINGTON (AP) – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. The commerce department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion.

US construction spending falls 0.8% in May, first decline in 6 months, as housing remains weak. as home building fell for a fifth straight month.. led by a decline in construction spending.

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WASHINGTON – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month.The Commerce Department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion.

In September, the estimated seasonally adjusted annual rate of public construction spending was $270.9 billion, 1.3% below the revised August estimate of $274.4 billion.

Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. The Commerce Department reported Monday that spending fell 0.8%.