Commerce Department

BAYTOWN, Texas | Steel pipe company CEOs push for waivers from Trump’s tariff

BAYTOWN, Texas (AP) — Joel Johnson examines the shipping labels on 35-ton coils of American-made steel that will be unspooled, bent and welded into rounded sections of pipe. One’s from Nucor, a mill in Arkansas. Another’s from Steel Dynamics in Mississippi. But much harder to spot in the sprawling factory yard is the imported steel … Continue reading BAYTOWN, Texas | Steel pipe company CEOs push for waivers from Trump’s tariff

US new-home sales climbed 6.7 percent in May

WASHINGTON/June 25, 2018 (AP)(STLRealEstate.News) — Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. The South reported monthly … Continue reading US new-home sales climbed 6.7 percent in May

WASHINGTON | US new-home sales climbed 6.7 percent in May

WASHINGTON (AP) — Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department says that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. The South reported monthly sales growth of17.9 … Continue reading WASHINGTON | US new-home sales climbed 6.7 percent in May

WASHINGTON | White House defends allowing China’s ZTE to buy US parts

WASHINGTON (AP) — The White House on Wednesday defended President Donald Trump’s decision to allow Chinese telecom giant ZTE to resume buying component parts from the U.S. — a move the Republican-led Senate is working to reverse. In a statement, White House spokesman Hogan Gidley pointed to “massive penalties” imposed on ZTE as part of … Continue reading WASHINGTON | White House defends allowing China’s ZTE to buy US parts

US construction spending up 1.8 percent in April to record

WASHINGTON/June 1, 2018 (AP)(STLRealEstate.News) — U.S. construction spending surged 1.8 percent to a record high in April as home building rose by the largest amount in 24 years. The April gain reversed a 1.7 percent drop in March, the Commerce Department reported Friday. The strength stemmed from a sizable 4.5 percent rise in residential construction, … Continue reading US construction spending up 1.8 percent in April to record

WASHINGTON | The Latest: Trump orders probe of tariffs for cars, trucks

WASHINGTON — The Latest on President Donald Trump and the auto industry (all times local): 9 p.m. President Donald Trump is directing the Commerce Department to begin an investigation into whether tariffs are needed on the import of automobiles into the United States. The White House says Trump has asked Commerce Secretary Wilbur Ross to … Continue reading WASHINGTON | The Latest: Trump orders probe of tariffs for cars, trucks

US sales of new homes slipped 1.5 percent in April

WASHINGTON/ May 23, 2018 (AP)(STLRealEstate.News) — Sales of new U.S. homes fell 1.5 percent in April, held down by a shortage of affordable houses in the most desirable areas and sharp pullback in purchases in the western United States. The Commerce Department said Wednesday that new homes sold last month at a seasonally adjusted annual … Continue reading US sales of new homes slipped 1.5 percent in April

Housing Production Drops 3.7 Percent But Remains Near Post-Recession High

May 21, 2018 (STLRealEstate.News) — Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. The March report marked an … Continue reading Housing Production Drops 3.7 Percent But Remains Near Post-Recession High