» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 41 | NO. 26 | Friday, June 30, 2017

Construction spending flat in May

Print | Front Page | Email this story

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

The Commerce Department reported on Monday no increase in construction spending in May, which follows a new home construction report two weeks ago showing that housing starts fell for the third straight month.

Overall spending was reported at a seasonally adjusted annual rate of $1.23 trillion, the same as last month's revised figure.

The flat May number follows April's decline of 0.7 percent, which was revised from an originally reported drop of 1.7 percent. Analysts last month said they thought April's dismal number was an anomaly and had expected a modest rebound in May.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0