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US construction spending fell 0.3% in May, housing slowing
2021-07-01 00:00:00.0     ABC新闻-商业新闻     原网页

       

       WASHINGTON -- U.S. construction spending fell 0.3% in May with housing activity slowing and nonresidential construction falling.

       The Commerce Department reported Thursday that the May decline followed a slight 0.1% rise in April.

       Housing construction has been one of the standout performers for the economy during the pandemic, but activity slowed in May, rising by just 0.2% as a 0.8% increase in single-family home construction offset a flat reading for apartment construction.

       Nonresidential construction fell 1.1% in May with office building flat and hotel and motel construction down 3%.

       


标签:综合
关键词: performers     offset     Housing construction     standout     nonresidential construction falling     single-family     housing activity slowing     motel    
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