Page 18 - Mark Vitner News Today

Home construction for the month dropped more than forecast, as the housing market probes the limits of how high housing prices can go under the COVID-19 Delta Variant threat to the economy

Demand was brisk in the primary market while the short-term market traded sideways on the pressure from the heavy new issue calendar, the release of the FOMC minutes and Treasury auction.

MIAMI - Florida, with 2,276 miles of beaches and tidal shoreline, is the U.S. state most economically vulnerable to the massive oil slick in the Gulf of Mexico. | eTurboNews | Trends | Travel News

data: US Department of Commerce; graph: ForConstructionPros.com The total value of construction put in place in the U.S. was essentially flat in June, eking out a 0.1% increase over nonresidential construction’s 0.9% slip. Residential construction continues to chug along, with spending rising 1.1% in June finishing the first six months of the year 24.5% higher than the first half of 2020. Click on this graph to see a larger view.data: US Department of Commerce; graph: ForConstructionPros....

Economic damage from BP oil spill may not spread beyond Gulf June 29, 2010 WASHINGTON — The BP oil spill has hammered the fishing and tourism industries along the Gulf of Mexico. But it appears the economic damage to the rest of the nation will be limited. WASHINGTON — The BP oil spill has hammered the fishing and tourism industries along the Gulf of Mexico. But it appears the economic damage to the rest of the nation will be limited. Analysts say the spill will reduce economic growth by on...

Softening Housing Growth Allows a Surprise Slide in May US Construction Spending Investments in housing construction did not grow enough to continue overcoming the months-long decline in nonresidential spending, but promising hints of softening lumber prices and infrastructure funding offer short- and long-term hope July 1, 2021 data: US Department of Commerce; graph: ForConstructionPros.com Slowing spending on single-family residential construction allowed a surprise slip in total May U.S. co...

High prices are responsible for the sale of new U.S. single-family homes to have fallen to a one-year low in May

High prices are responsible for the sale of new U.S. single-family homes to have fallen to a one-year low in May

Lumber prices are rising, which could push housing prices higher and strengthen the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL).

In the fifth straight month of declining nonresidential outlays, signs of a turnaround surface in office, commercial and lodging segments, backlogs, architecture billings and post-pandemic emergence