Construction spending ticked down 0.1% in April from March — so basically flat — the Census Bureau reported Monday. And construction spending has barely budged going back to the start of this year.
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WASHINGTON, Aug 1 (Reuters) - U.S. construction spending dropped further in June amid a sharp decline in outlays on single-family housing projects because of higher mortgage rates and rising inventory ...
Three years ago, when a local developer hatched plans for a 352-unit apartment building in West Philadelphia, the project was a no-brainer. The city needed tens of thousands of affordable and ...
U.S. homebuilding fell in August after strong gains in the prior three months, but the housing market remains supported by record low interest rates and demand for properties in the suburbs and ...
Single-family homebuilding surged in July amid an acute shortage of previously owned houses, but mortgage rates climbing back to near two-decade highs could stifle growth in new construction.
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