Construction sector performance

Home construction
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SKY News
July 02, 2020 - 10:30 am
SILVER SPRING, Md. (AP) — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week's 3.13%. For the...
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FILE - In this April 2, 2020 file photo, roofers work on removing and placing new shingles in Warren, Mich. U.S. home-building activity collapsed in March as the coronavirus spread, with housing starts tumbling 22.3% from a month ago. The Commerce Department said Thursday, April 16, that ground breakings occurred last month at a seasonally adjusted annual rate of 1.2 million units, down from a 1.56 million pace in February. (AP Photo/Paul Sancya, File)
June 17, 2020 - 8:53 am
WASHINGTON (AP) — US home construction rebounded 4.3% in May after steep declines caused by shutdowns due to the coronavirus. The Commerce Department reported Wednesday that new homes were started at a seasonally adjusted annual rate of 974,000 last month after steep declines in April and March...
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FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)
SKY News
January 17, 2020 - 4:11 pm
Solid gains in technology and communications stocks pushed major U.S. indexes to more record highs on Wall Street Friday. Chipmaker Qualcomm jumped 4.5% and Google parent company Alphabet rose 2%. Banks also did well, driven by strong results from State Street and Citizens Financial. That came a...
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In this Sept. 3, 2019 photo a for sale sign, top, rests in front of a newly constructed home, in Norwood, Mass. On Thursday, Oct. 17, the Commerce Department reports on U.S. home construction in September. (AP Photo/Steven Senne)
October 17, 2019 - 11:12 am
WASHINGTON (AP) — U.S. home building fell last month after reaching a 12-year high in August, driven by a sharp decline in the construction of new apartments. Yet single-family home construction ticked higher for a fourth month. The Commerce Department said Thursday that overall housing starts...
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In this Tuesday, Sept. 3, 2019 photo a sign rests in front of a newly constructed home, in Westwood, Mass. On Wednesday, Sept. 18, the Commerce Department reports on U.S. home construction in August. (AP Photo/Steven Senne)
September 18, 2019 - 9:37 am
WASHINGTON (AP) — The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building. The Commerce Department said Wednesday that housing starts came in at a seasonally adjusted annual rate of 1.36 million, the most since June 2007 and up from a revised 1...
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FILE - In this June 19, 2019, file photo a worker carries shingles for a roof of a house under construction in a Brandon, Miss., neighborhood. On Friday, Aug. 16, the Commerce Department reports on U.S. home construction in July. (AP Photo/Rogelio V. Solis, File)
August 16, 2019 - 8:34 am
WASHINGTON (AP) — U.S. housing starts fell 4.0% in July, driven by a decline in the construction of apartment buildings. The Commerce Department says that housing starts slipped last month to a seasonally adjusted annual rate of 1.19 million units. So far this year, housing starts have declined 3.1...
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FILE - In this July 29, 2019, file photo a construction worker carries bars while helping build a scaffolding on the side of a hotel in the Mount Vernon section of Baltimore. On Thursday, Aug. 1, the Commerce Department reports on U.S. construction spending in June. (AP Photo/Julio Cortez, File)
August 01, 2019 - 10:13 am
WASHINGTON (AP) — Spending on U.S. construction projects fell in June by the largest amount in seven months, reflecting weakness in home building, nonresidential construction and the largest drop in government projects in 17 years. The Commerce Department said Thursday that spending fell 1.3% in...
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FILE - This June 20, 2019, file photo shows an existing home is offered for sale in Rutledge, Ga. Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. (AP Photo/John Bazemore, File)
July 29, 2019 - 1:31 pm
NEW YORK (AP) — Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. That's the conclusion of a report by Harvard University's Joint Center for Housing Studies. The quarterly report forecasts that spending by homeowners for renovations, expansions...
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In this June 19, 2019, photo Larry McGee balances along a roof edge as he carries roof over ridge vent that he and others will be laying down on a new house in a Brandon, Miss., neighborhood. On Wednesday, July 17, the Commerce Department reports on U.S. home construction in June. (AP Photo/Rogelio V. Solis)
July 17, 2019 - 10:41 am
WASHINGTON (AP) — U.S. home construction slipped last month as an uptick in the building of single-family homes was offset by a big drop in apartment construction. The Commerce Department said Wednesday that construction was started at a seasonally adjusted annual rate of 1.25 million in June, down...
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In this June 13, 2019, photo a house on the market has a "sold pending" sign fixed on the realtor's sign in northeast Jackson, Miss. On Thursday, June 27, the National Association of Realtors releases its May report on pending home sales, which are seen as a barometer of future purchases. (AP Photo/Rogelio V. Solis)
June 27, 2019 - 10:11 am
WASHINGTON (AP) — More Americans signed contracts to purchase homes in May compared with the prior month, a sign buyers may be ready take advantage of low interest rates and stabilizing home prices. The National Association of Realtors says that its pending home sales index rose 1.1% to a reading...
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