The U.S. Census Bureau reported construction spending increased in August to a seasonally adjusted annual rate of $1,983.5 billion, 0.5 percent above the bureau’s revised July estimate.
Tag: Wells Fargo Economics
Construction Spending Increases Again
The U.S. Census Bureau reported construction spending increased in August to a seasonally adjusted annual rate of $1,983.5 billion, 0.5 percent above the bureau’s revised July estimate.
Construction Spending Increases for Fifth Consecutive Month
The Census Bureau on Monday reported construction spending increased in May to a seasonally adjusted annual rate of $1,925 billion, 0.9 percent above the bureau’s revised April estimate.
Builder Confidence Moves into Positive Territory
Solid demand, low existing inventory and improving supply chain efficiency shifted builder confidence into positive territory in June for the first time in 11 months, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
Construction Spending Climbs Slightly
Construction spending rose 1.2% during April, the Census Bureau reported Thursday.
April Existing Home Sales Down 3.4%
April existing home sales fell by 3.4 percent, but showed potential signs of stabilizing, the National Association of Realtors reported Thursday.
April Housing Starts Up 2.2%
Housing starts posted a modest increase in April, the Census Bureau and HUD reported Wednesday.
Inflation Slows to Two-Year Low
Consumer prices rose by 0.4 percent in April to 4.9 percent annually, the slowest annual inflation rate since April 2021, the Bureau of Labor Statistics reported Wednesday.
April Employment Beats Expectations
The U.S. economy added 253,000 jobs in April, and the unemployment rate fell again to match a 53-year low, beating analyst expectations, the Bureau of Labor Statistics reported Friday.
Job Openings Fall to 2-Year Low
In the first of four major jobs reports this week, the Bureau of Labor Statistics reported job openings fell to their lowest level since April 2021.