Construction Spending Down 1.3 Percent In July

Business Heds Index, Seattle Post-Intelligencer: Business
Thu, 09/01/2011 - 8:27am

share: digg facebook twitter Construction spending fell 1.3 percent to a seasonally adjusted annual rate of $789.5 billion, the Commerce Department reported Thursday. The 0.4 percent drop in non-residential spending, to an annual rate of $266.4 billion, reflected declines in spending on hotels, recreation facilities and factories. State and local governments have been forced to cut back because of severe budget problems while the federal government has come under pressure from a drive to get control of soaring budget deficits. Economists believe home prices will fall further once banks resume millions of foreclosures, which have been delayed because of a government investigation into mortgage lending practices.

Topics: construction commerce department state economists percent budget government rate annual billion

Place your ad here
Loading...

BING NEWS:

With funding secured to rebuild the Key Bridge, what's next?
With the recent spending bill approved by Congress, more than $100 billion in emergency aid has been allocated to address damage by disasters. Incuded in the sp ...
12/23/2024 - 4:54 am | View Link
Amid Year-End Spending Surge, Shoppers Favor ‘Experience’ Buying
Evidence suggests that traditional gift purchase volumes may be lower than expected, but spending on collective experiences, parties, and decorations is far higher.
12/19/2024 - 5:46 am | View Link
U.S. Construction Spending Climbs More Than Expected In October
The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.174 trillion in October after inching up by 0.1 percent to a rate of $2.165 trillion in September.
12/2/2024 - 2:57 am | View Link
This Week: Construction spending, Campbell’s Co. earnings, November jobs report
Construction spending, monthly percent change, seasonally adjusted: May 0.2 June -1.1 July 0.0 Aug. 0.1 Sept. 0.1 Oct. (est.) -0.1 The Campbell’s Co. serves up its latest quarterly report card ...
12/1/2024 - 5:12 pm | View Link
US Economy Posts Solid 2.8 Percent Growth in Q3, Consumer Spending Leads
The U.S. economy grew at an annualized 2.8 percent pace in the third quarter, driven by strong consumer spending and rising exports, according to revised data released by the Commerce Department.
11/27/2024 - 11:15 am | View Link
More

More Movie News

More Business News

Why December could be your final shot at a $7,500 EV tax credit
Fast Company, Thursday - 12/26/2024 - 04:46 PM
With the new administration poised to pull the plug on federal tax credits, industry experts say now is the best time to lock in savings. The electric vehicle (EV) market is bracing for seismic shifts following the election of Donald Trump, whose policy proposals could have far-reaching implications for automakers and consumers alike.
More | Talk | Read It Later | Share
Cyberattack hits Japan Airlines, delaying flights for holiday travelers
Fast Company, Thursday - 12/26/2024 - 04:15 PM
The cyberattack did not involve a virus or cause any customer data leaks, Japan Airlines said. Japan Airlines said it was hit by a cyberattack Thursday, causing delays to more than 20 domestic flights but the carrier said it was able to stop the onslaught and restore its systems hours later.
More | Talk | Read It Later | Share
U.S. holiday sales up 3.8% as shoppers hunt for value
Fast Company, Thursday - 12/26/2024 - 04:04 PM
According to Mastercard, curbside pickup and delivery fueled online sales, while in-store shopping rose 2.9%. The 2024 holiday season proved fruitful for U. S. retailers, with total retail sales (excluding automotive) increasing 3.8% year-over-year, according to Mastercard SpendingPulse.
More | Talk | Read It Later | Share
Clarendon Hills compromises with schools on new 55th St. plan
Chicago Tribune, Thursday - 12/26/2024 - 03:42 PM
The Clarendon Hills 55th Street Tax Increment Financing district has been approved by the Village Board after being scaled back in response to objections from affected school districts. As originally proposed, the new Clarendon Hills TIF District was generally located along the north and south sides of 55th Street, between Western Avenue to the west and Holmes Avenue to the east, and also includes certain parcels on the east and west sides of Western Avenue and Bentley Avenues, and the west side of Virginia and Clarendon Hills Avenues, all south of 55th Street.
More | Talk | Read It Later | Share
Feeling lucky? Friday’s Mega Millions drawing is worth an estimated $1.15 billion
Chicago Tribune, Thursday - 12/26/2024 - 12:32 PM
Americans still dreaming of a really big Christmas present can keep that dream alive during Friday’s Mega Millions drawing for a jackpot worth an estimated $1.15 billion. Friday’s jackpot will potentially be the fifth largest in the game’s history. Mega Millions tickets are $2 a piece. But the odds of winning the jackpot are 1 in 302,575,350, and the odds of winning any Mega Millions prize are 1 in 24, according to lottery officials.
More | Talk | Read It Later | Share
Cryptocurrency Is Surging Again. Here's How to Spot Scams and Keep Your Wallet Safe
CNET, Thursday - 12/26/2024 - 12:00 PM
From phishing schemes to fake tokens, crypto scams are evolving -- here's how to protect yourself.
More | Talk | Read It Later | Share

Construction Spending Down 1.3 Percent In July

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News