Construction Spending Saw a Decline in May

Construction spending fell during the month of May, according to a recent report by Wells Fargo. Construction expenditures dropped by 0.8%, and residential spending is still much weaker compared to public spending. Residential spending fell 0.6%, and nonresidential spending fell by almost 1%⁠—the first time nonresidential has dipped in about a year...
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Existing Home Sales Increase During Month of May

During the month of May, U.S. existing home sales increased by 2.5% compared to last month, reaching a seasonally adjusted annual rate of 5.34 million units, according to a recent article by Reuters. Lower interest rates for mortgages helped give the data a boost this month. Reuters speculated the existing home sale rate would reach 5.25 million un...
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Housing Starts Fall Again in March

Housing starts saw a slight fall during the month of March, falling for the second month in a row, according to Wells Fargo. Of the past seven months, six saw declines. Wells Fargo attributes some of this fall to poor weather conditions during the end of 2018, while lower mortgage rates have only seen "limited success" at breathing life back into t...
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