Government, Business

Construction Spending Up 1% in December, Led by Housing

New homes under construction in a development in Littleton, Colo. (David Zalubowski/Associated Press) New homes under construction in Littleton, Colo. (David Zalubowski/Associated Press)

WASHINGTON — U.S. construction spending rose a moderate 1% in December as the number of new homes offset a sustained weakness in nonresidential construction.

Martin Crutsinger | Associated Press
February 1, 2021
Government, Business

US Housing Starts Climbed 3.8% in October

Housing Starts A construction crew works on an already sold new home in north Dallas. (LM Otero/Associated Press)

WASHINGTON — U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand.

Josh Boak | The Associated Press
November 19, 2019
Government, Business

Rising Home Prices, Falling Sales Hurt Small Businesses

Houses in Brandon, Miss. Houses in a Brandon, Miss., neighborhood. Many small companies tied to the housing market are seeing a slowdown in business, one that could continue into 2020. (Rogelio V. Solis/Associated Press)

NEW YORK — Many small companies tied to the housing market are seeing a slowdown in business, one that’s forecast to continue well into 2020.

Joyce M. Rosenberg | Associated Press
October 28, 2019
Government, Business

New Home Sales Slid 12.8% in July

Building materials at house construction site Steve Helber/AP

WASHINGTON — Sales of new U.S. homes fell a sharp 12.8% in July as higher prices and limited inventory sidelined would-be buyers.

Bani Sapra | Associated Press
August 23, 2019
Government, Business

New-Home Sales Rise to 16-Month High

Construction George Frey/Bloomberg News

Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower borrowing costs.

April 23, 2019

Housing Starts Fall in March to Weakest Pace Since 2017

Man working on roof of house A worker carries a ladder on the roof of a home under construction in Saratoga Springs, Utah, in March. (George Frey/Bloomberg News

U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates and steady wage gains offer support to consumers.

Jeff Kearns | Bloomberg News
April 19, 2019
Government, Business

Housing Starts Sank 5.3% in September

Construction site David Zalubowski/Associated Press

WASHINGTON — U.S. home construction fell 5.3% in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market.

Josh Boak | The Associated Press
October 17, 2018

US New Home Sales Climb 6.7% in May

House for sale Patrick Fallon/Bloomberg News

WASHINGTON — Sales of new U.S. homes jumped 6.7% in May, with purchases in the South accounting for all of the monthly gains.

Josh Boak | The Associated Press
June 25, 2018

Housing Starts Top Forecasts on Multifamily Construction

Luke Sharrett/Bloomberg News

New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17.

April 17, 2018
Government, Business

Optimism Among Builders Slides for Fourth Consecutive Month

Construction Worker Getty Images

NEW YORK — Homebuilder confidence slid for the fourth consecutive month with steadily rising mortgage rates and sky-high home prices putting ownership out of reach for more Americans.

April 16, 2018