U.S. construction spending flat in April, little sign of housing rebound

 · Economic data reported last week continued to show an economy slowing down meaningfully: the ISM manufacturing index fell to 52.1 in May, the lowest reading since October, 2016; the ISM production.

construction spending in February point to anemic growth in real residential investment in the first quarter. Total housing starts were flat in January and plunged in February, posting the largest monthly decline in four years, and home builders’ confidence dropped.

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Auto sales were flat on balance. The majority of Districts indicated that manufacturing expanded, but that growth had slowed, particularly in the auto and energy sectors. New home construction and.

Bob East, the co-owner of a construction company in Little. showing signs of malfunction. After a big run that pushed average Manhattan condominium and co-op prices above $2 million, they dropped.

WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining.

 · Construction spending in the U.S. increased in May to the highest level in more than two years, held up by improvement in the housing market. The.

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However, conditions are ripe for a rebound in the American housing market. For one, strict regulation has caused mortgage delinquencies to plunge to a 20-year low in April.

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the Housing Vacancy Survey, the rental vacancy rate fell for the seventh straight year in 2016, dipping to 6.9 percent-its lowest level in more than three decades.

Forbes: Thanks for joining us for another lively chat about the housing market. with the U.S. [overall], which is "only" down 24% from the peak). Biggest gaining market in the next 12 months: San.

U.S. construction starts had three consecutive quarters of positive growth in 2017. Non-residential building has been left essentially flat at -0.5%. For 2018, the new forecasts shave a bit off what was previously expected. Total starts are now projected to be +4.8%, a little slower than the +5.9% of a quarter ago. Residential will be +6.7% in 2018; non-res building, +1.9%; and heavy engineering/civil,