Construction spending declines 0.8% in August

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According to Challenger, Gray & Christmas, the number of layoffs in the United States was 38 percent higher in August than it.

US shares are trading heavily in Europe, and the S&P 500 may open more than 0.8% lower. US reports the August manufacturing PMI and ISM today alongside July construction spending.

The value of retail sales rose 0.4% in August reported the Census Bureau on Friday and the July total was revised 0.1% higher.

The Commerce Department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion. Spending In April was revised up from a flat reading to a small gain of 0.4%.

Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. The Commerce Department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion.

"With trade tensions and market anxiety ratcheting higher in July and August there is significant risk. household and public-sector spending — dropped 0.2% in the quarter, after a 0.8% jump in the.

The 0.6% decline in spending on residential construction was the result of a 0.8% decrease in spending on new single-family homes, a development that was partially offset by a 1.9% spending increase in the small-apartment sector. The 0.9% drop in spending on nonresidential construction followed a 1.4% decline in April.

U.S. construction spending unexpectedly fell in May as investment in private construction projects dropped to its lowest level in nearly 2-1/2 years. The Commerce Department said on Monday construction spending declined 0.8%, the biggest drop since last November.

First-time homebuyers are too few in number to absorb inventory overhang More than Subprime Resets: The Real Meaning of Two Waves Although both are sea waves, a tsunami and a tidal wave are two different and unrelated phenomena. A tidal wave is a shallow water wave caused by the gravitational interactions between the Sun, Moon, and Earth. ("Tidal wave" was used in earlier times to describe what we now call a tsunami.) A tsunamis is an ocean wave triggered by large earthquakes that occur near or under theFirst-time homebuyers are too few in number to absorb inventory overhang The First-Time Home Buyer Incentive is a "shared equity" program, announced in the 2019 Budget. The program allows insured first-time home buyers to let the CMHC become a co-owner in their home. The Crown corp will kick in 5% on a resale, or 10% towards new housing.

WASHINGTON, (Reuters) – U.S. construction spending. decline since last November. Data for May was revised up to show.

The U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2018 was estimated at a seasonally adjusted annual rate of $1.3 trillion, rising 0.8% from.

The October decline matched a similar 0.1% drop in September and followed a 0.4% fall in August, the Commerce Department reported Dec. 3.. construction. Government spending was up 0.8% in.

Fannie Mae delays foreclosures 45 days for hardest hit fund programs However, the new changes in the Hardest Hit Fund programs don’t expose the fhfa supervised fannie mae and Freddie Mac to financial loss. The money for the program will be funded by state run Hardest Hit Funds. This is good news for a few underwater borrowers in financial hardship, in a limited number of states.

In August, it finalized a rule that would make it more difficult. and the baby is a U.S. citizen). Huge recent declines in.