Residential Construction

New Home Sales Rocket Higher in May

Sales of new single-family homes jumped to a six-year high in May, the latest indication the housing market was starting to dig out of a recent soft patch.

In Construction, a Year of Flat Growth Would Be Welcome

If you want to see how the construction industry will do in 2011, look at how the architects did in 2010. By that gauge, last year's thin uptick in spending on building design and engineering services foretells a similar small gain ahead for builders -- and after two years of steep declines, any growth at all is welcome news.

Construction Spending Rose 0.7% in October

The measure was boosted by the second straight monthly rise in private construction spending. Single-family homes posted their biggest gain in six months Still, it's way too soon to declare an end to the private building slump.

Construction Spending Edges Up on Public Projects

U.S. construction spending%u2019s unexpected 0.5% rise in September was tempered somewhat by the fact that August%u2019s tally was revised downward to an 0.2% spending decrease, considerably worse than the initially estimated 0.4% gain.

U.S. Housing Starts Rose for Third Straight Month

The unexpected increase of 0.3% to a 610,000 annual rate provides additional evidence that homebuilding in the beleaguered U.S. housing sector may be bottoming. However, economists caution that it's still too early to declare any kind of solid turnaround.