Commerce Department

WASHINGTON | US durable goods orders fell 1.7 percent in July

WASHINGTON — Orders for long-lasting U.S. factory goods fell 1.7 percent in July, the third decrease in the past four months. The Commerce Department said Friday that durable goods orders — items meant to last at least three years such as autos and appliances — totaled $246.9 billion last month. Much of that decline came … Continue reading WASHINGTON | US durable goods orders fell 1.7 percent in July

WASHINGTON | US new-home sales fell 1.7 percent in July

WASHINGTON  — Sales of new U.S. homes slumped 1.7 percent in July, the second straight monthly decline as the broader housing market appears to have lost some of its momentum despite an otherwise solid economy. The Commerce Department said Thursday that newly built homes sold at a seasonally adjusted annual rate of 627,000 last month, … Continue reading WASHINGTON | US new-home sales fell 1.7 percent in July

WASHINGTON | July housing starts up a slight 0.9 percent as tariffs bite

WASHINGTON  — U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to reverse the steep 12.9 percent plunge seen in … Continue reading WASHINGTON | July housing starts up a slight 0.9 percent as tariffs bite

US housing starts rose a slight 0.9 percent in July

WASHINGTON/ August 16, 2018 (STL.News)— U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to reverse the steep 12.9 percent … Continue reading US housing starts rose a slight 0.9 percent in July

WASHINGTON | S retail sales rose at robust 0.5 pct. annual rate in July

WASHINGTON — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth. Retail sales rose at a 0.5 percent annual rate in July, after a 0.2 percent increase the previous month, the Commerce Department said Wednesday. June’s increase, though, was revised lower … Continue reading WASHINGTON | S retail sales rose at robust 0.5 pct. annual rate in July

WASHINGTON | US construction spending fell 1.1 percent in June

WASHINGTON — Spending on U.S. construction projects fell 1.1 percent in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years. The decline in June brought total construction spending to a seasonally-adjusted $1.32 trillion, 6.1 percent higher than a year ago, … Continue reading WASHINGTON | US construction spending fell 1.1 percent in June

US construction spending fell 1.1 percent in June

WASHINGTON/ August 1, 2018 (STL.News) — Spending on U.S. construction projects fell 1.1 percent in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years. The decline in June brought total construction spending to a seasonally-adjusted $1.32 trillion, 6.1 percent higher … Continue reading US construction spending fell 1.1 percent in June

WASHINGTON | US pending home sales rose 0.9 percent in June

WASHINGTON  — More Americans signed contracts to purchase homes in June compared to May, but the volume of pending sales has slipped over the past year. The National Association of Realtors said Monday that its pending home sales index rose 0.9 percent last month to 106.9. But on a yearly basis, pending home sales have … Continue reading WASHINGTON | US pending home sales rose 0.9 percent in June