Spending on U.S. construction projections fell 0.1% in October, the third consecutive monthly decline, as weakness in home building and non-residential construction offset a rebound in government.

The October decline matched a similar 0.1% drop in September and followed a 0.4% fall in August, the Commerce Department reported Dec. 3.. construction. Government spending was up 0.8% in.

So far, it was largely believed that impressive consumer spending is driving. sales for the month of August increased 0.4%. Although this figure is half the 0.8% rise in July’s retail sales.

Nonresidential construction input prices fell 0.4% for the month and are down 0.4% compared to August 2018. Among the seven.

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Retail sales rose 0.4% last month, lifted by spending on motor vehicles, building materials, healthcare and hobbies. Data for.

Multifamily starts and vacancy rates indicate strong market market after 2007. Indeed, vacancy rates for single-family rentals barely increased during the recession and have fallen 1.8 percentage points since 2009 to just 8.1 percent. vacancy rates in small multifamily buildings with two to four units have followed a similar path. Throughout the downturn and recovery, vacancy rates forHome prices rise in 3Q, but Zillow forecasts sawtoothed recovery Looking ahead, the Zillow Home Value Forecast shows U.S. home values will increase 1.7% over the next year, and that 183 of the 252 markets covered by the forecast have hit a bottom.

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.

Spending was down -1.3% year-on-year, following a -1.2% decrease in July. Expenditure has now fallen on an annual basis in each of the past 11 months. Expenditure did expand on a monthly basis (+0.8%.

The 0.6% decline in residential construction reflected a 0.8% fall in spending on new single-family homes partially offset by a 1.9% rise in the smaller apartment sector.

Spending on residential construction has been weak for a number of months but builders are hopeful that declining mortgage rates will spur a rebound. The 0.6% decline in residential construction reflected a 0.8% fall in spending on new single-family homes partially offset by a 1.9% rise in the smaller apartment sector.

NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains Existing-home sales and new home starts both increased. a home are much better at the upper end of the market, where inventory conditions continue to be markedly better," NAR Chief Economist.

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.

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The 0.6% decline in spending on residential construction was the result of a 0.8% decrease in spending on new single-family homes, a development that was partially offset by a 1.9% spending increase in the small-apartment sector. The 0.9% drop in spending on nonresidential construction followed a 1.4% decline in April.