Latest Construction sector performance News

Construction spending posts modest 0.2% gain in April

Jun. 01, 2021 10:54 AM EDT

WASHINGTON (AP) — U.S. construction spending rose a modest 0.2% in April as strength in housing offset further weakness in nonresidential construction. The April increase followed a much stronger 1% gain in March which was revised up from an initial estimate of a slight...

This Week: Construction spending, productivity, jobs report

May. 31, 2021 01:22 AM EDT

A look at some of the key business events and economic indicators upcoming this week: EYE ON CONSTRUCTION Construction spending has been mostly rising over the past year, fueled by strong demand for new single-family houses. ...

Fewer Americans sign contracts to buy homes in April

May. 27, 2021 11:21 AM EDT

SILVER SPRING, Md. (AP) — Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil would-be buyers. The National Association of Realtors’ index of pending home sales fell 4.4% to 106.2 in April, a third straight sluggish month after...

In a sizzling US market, demand and prices for homes soar

May. 25, 2021 12:03 PM EDT

WASHINGTON (AP) — America's housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all U.S. houses are now selling above their list price. Two years ago, before the pandemic struck, just a quarter...

US new home sales fell 5.9% in April after big March gain

May. 25, 2021 11:23 AM EDT

WASHINGTON (AP) — Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on rising home prices. Sales dropped to a seasonally adjusted annual rate of 863,000 last month, the Commerce Department reported Tuesday. That followed a...

This Week: New home sales, Gap earns, consumer spending

May. 24, 2021 01:02 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BELLWETHER The Commerce Department issues its April tally of new U.S. home sales Tuesday. Economists expect the pace of sales...

US home construction falls a surprise 9.5% in April

May. 18, 2021 16:32 PM EDT

WASHINGTON (AP) — U.S. home construction fell a surprisingly sharp 9.5% in April and economists attributed that partially to builders who delayed projects because of a surge in lumber prices and other supply constraints. The April decline left construction at a...

Asian shares mixed after strong earnings, data lift Wall St

May. 03, 2021 23:30 PM EDT

Asian shares were mixed after strong corporate earnings and economic data lifted stocks on Wall Street. Hong Kong and Sydney advanced while Seoul declined. Tokyo and Shanghai were closed for holidays. On Monday, a strong dose of positive earnings...

US construction spending up in March less than expected

May. 03, 2021 10:46 AM EDT

SILVER SPRING, Md. (AP) — U.S. construction spending bounced back in March following a February beset by frigid cold and winter storms across large swaths of the country. However, spending on construction projects rose just 0.2% in March, the Commerce Department said...

This Week: Construction spending, Uber earns, jobs report

May. 03, 2021 01:14 AM EDT

A look at some of the key business events and economic indicators upcoming this week: ECONOMIC BELLWETHER The Commerce Department serves up its latest monthly snapshot of U.S. construction spending Monday. Economists project that...