All Entries Tagged With: "Commerce Department"
New-Home Construction a Long Way from Stable
U.S. construction spending fell in February, though the year is still off to a better start than the previous one. According to the Commerce Department, construction spending throughout the country during February 2012 was estimated at a seasonally adjusted annual rate of $808.9 billion. That’s a drop of 1.1 percent over January’s estimate and is [...]
Construction Spending Falls to Start the Year
Construction spending dropped last month for the first time in months, though it wasn’t the housing sector that brought it down. According to the Commerce Department, U.S. construction spending fell 0.1 percent a seasonally adjusted annual rate of $827.0 billion in January to mark its first decline since July. Experts had expected to see an [...]
Home Builders Busier in November
Construction spending across the country rose in November for the third time in four months, reaching its highest mark since August. The Commerce Department reported that spending on construction projects jumped 1.2 percent in November to a seasonally adjusted annual rate of $807.1 billion. Some experts had expected a decline in construction spending. The rate [...]
New Construction Gets Boost from Renters
The fact that less people are buying houses actually helped the new-home market last month. The production of new single-family and multifamily homes jumped 9.3 percent in November, according to figures released by the U.S. Commerce Department on Tuesday. The improvement, which marked the fastest pace of housing starts since October of 2008, included an [...]
New-Home Sales Improve, Especially in the Midwest
Great news on new-home sales: Activity last month increased to its best pace in five months. According to the U.S. Commerce Department, the sale of newly built, single-family homes in October rose 1.3 percent to a seasonally adjusted annual rate of 307,000 units in October. The gain is from a downwardly revised rate in September [...]
