Construction Spending Fell in May as Housing Slowed
U.S. construction spending fell 0.3 percent in May. Growth in housing, the economy’s standout performer, slowed while activity in areas most directly impacted by the pandemic showed further weakness. The Commerce Department reported last week that the May decline...
April Construction Spending Falls 2.9 Percent as Virus Upends Work
U.S. construction spending fell 2.9 percent in April with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home. The Commerce Department said that the April decline followed a basically flat reading in March. ...This Week’s Paper: Digital Edition
