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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.com Residential engine is sound All of residential construction’s June spending gain came from si...
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 only about one-half of 1 percentage point this quarter, and even less during the second half of the ye...