Construction spending flatlines in May as homebuilding declines

Construction spending flatlines in May as homebuilding declines monday morning Cup of Coffee: Investors keep sights on real estate Asset Managers, Prepare to Have Your Business Disrupted The combination of new technologies and shifting demographics and client needs is bringing a sea change to the asset management industry.WASHINGTON U.S.

WASHINGTON (AP) – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. US construction spending falls 0.8% in May.

 · 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 on U.S. construction projects fell in May, the first drop in six.

U.S. construction spending was flat in May with homebuilding falling again, even as buyers face climbing prices and a shortage of available properties on the market. The Commerce Department.

The construction employment industry lost 9,000 more jobs from May to June, according to an analysis of federal employment data released this week by the Associated General Contractors of America. Officials said declines in public sector construction activity will negate any pickup in private sector demand unless Congress and states fully fund needed infrastructure spending

 · WASHINGTON (AP) – 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.

Spending on private construction projects dropped 0.7% in May to the lowest level since January 2017. That followed a 1.0%.

Housing market to hit bottom this year: former RealtyTrac exec While HUD’s bottom line. to the federal housing administration’s insurance fund stemming from the housing crash. The fund needed a $1.7 billion infusion from the Treasury Department in 2013, the.More than 1 million HAMP mods canceled Less sickness in housing as delinquencies fall 43% from peak It is about 2% higher than the peak in 2009 as it is now 43.09% (record high).. The good news is over 20% of borrowers had a credit score less than 579 in 2007 and now close to 1% have those low scores.. student loan delinquencies Soar.Over 1 million homeowners have now been kicked out of the HAMP program, either by being turned down for a permanent modification or going into a re-default on their modification once it became.

WASHINGTON (AP) – 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.

Cornerstone Home Lending surrenders Georgia mortgage license On April 23, 2015, the Georgia Department of Banking and Finance entered into a Consent Order with Cornerstone Home Lending, Inc. (NMLS No. 2258), Houston, Texas and its owners, Judith Ann Belanger and Marcus Neely Laird.Housing permits, starts both fall in January Foreclosure starts reach lowest level since 2005 It was the 13th consecutive quarter with a year-over-year decrease in foreclosure starts. Counter to the. down 8% from a year earlier to reach the lowest level since ATTOM began tracking in the.January’s drop came entirely in the market for single-family houses, with starts falling 6.7 percent month-on-month to an annual rate of 678,000. Multifamily starts, meanwhile, climbed 7.5 percent.

WASHINGTON | U.S. construction spending was flat in May with homebuilding falling again, even as buyers face climbing prices and a shortage of available properties on the market. The Commerce Department reported on Monday no increase in construction spending in May, which follows a report two weeks ago showing that housing starts fell for the third straight month.

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