Construction spending in the US fell 0.1% in October. With revisions to prior months’ data, spending has declined for three consecutive months, noted analysts at Wells Fargo. They added that despite recent weakness, spending remains up 4.9% year-over-year. Key Quotes: “Total spending fell 0.1% during October. Much of the monthly decline occurred in residential, which dropped 0.5%. Despite recent weakness, overall spending is up 4.9% year-over-year.” “Home building continues to be sluggish. Single-family outlays fell 0.5% during the month and have declined for five straight months. The effects of recent hurricanes were not readily apparent, as home improvement spending declined 0.9%.” “The affordability issues plaguing single-family markets continue to support multifamily construction.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD on track to record highest daily close in more than 5 months above 0.69 FX Street 4 years Construction spending in the US fell 0.1% in October. With revisions to prior months' data, spending has declined for three consecutive months, noted analysts at Wells Fargo. They added that despite recent weakness, spending remains up 4.9% year-over-year. Key Quotes: "Total spending fell 0.1% during October. Much of the monthly decline occurred in residential, which dropped 0.5%. Despite recent weakness, overall spending is up 4.9% year-over-year." "Home building continues to be sluggish. Single-family outlays fell 0.5% during the month and have declined for five straight months. The effects of recent hurricanes were not readily apparent, as home improvement spending… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
