Construction sector performance

This March 17, 2020 photo shows construction work done on a new home in Mebane, N.C. U.S. housing construction fell 5.1% in August after three months of strong gains as home builders mounted a rebound following a pandemic-induced shutdown in March and April. (AP Photo/Gerry Broome)
KNSS News
November 18, 2020 - 11:32 am
CHARLOTTE, N.C. (AP) — Home construction rose 4.9% in October as home building remains as one of the bright spots of the economy. The increase pushed home construction to a seasonally adjusted annual rate of 1.53 million homes and apartments and followed a more modest gain of 1.9% in September...
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In this March 25, 2020, photo, a construction worker walks along a roof on a new home in Nashville, Tenn. US home construction rebounded 4.3% in May after steep declines caused by shutdowns due to the coronavirus. The Commerce Department reported Wednesday, June 17, that new homes were started at a seasonally adjusted annual rate of 974,000 last month after steep declines in April and March.(AP Photo/Mark Humphrey)
October 20, 2020 - 7:51 am
WASHINGTON (AP) — U.S. home construction rose a solid 1.9% in September after having fallen in August as home building remains one of the bright spots for the economy. The Commerce Department reported Tuesday that the September increased pushed home construction to a seasonally adjusted annual rate...
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FILE - In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. JPMorgan Chase said Thursday, Oct. 8, 2020 it will extend billions in loans to Black and Latino homebuyers and small business owners in an expanded effort toward fixing what the bank calls “systemic racism” in the country’s economic system. (AP Photo/Richard Drew, File)
October 08, 2020 - 5:20 pm
CHARLOTTE, N.C. (AP) — JPMorgan Chase said Thursday it will extend billions in loans to Black and Latino homebuyers and small business owners in an expanded effort toward fixing what the bank calls “systemic racism” in the country’s economic system. The New York bank said it is committing $30...
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A new home under construction is shown Thursday, Sept. 24, 2020, in Houston. U.S. construction spending increased 1.4% in August, led by a surge in spending on single-family homes. (AP Photo/David J. Phillip)
October 01, 2020 - 9:22 am
WASHINGTON (AP) — U.S. construction spending increased 1.4% in August, led by a surge in single-family homes. The gain was double the 0.7% increase in July, the Commerce Department reported Thursday. Spending on residential construction rose 3.7% ,with a 5.5% rise in spending on single-family homes...
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FILE - In this July 4, 2020 photo, a sold sign hangs in front of a house in Brighton, N.Y. More Americans signed contracts to buy homes in July, a sign that the hot housing market should continue into the fall season. (AP Photo/Ted Shaffrey)
September 30, 2020 - 9:05 am
SILVER SPRING, Md. (AP) — More Americans signed contracts to buy homes in August, suggesting the hot U.S. housing market will continue to churn well into fall. The National Association of Realtors said Wednesday that its index of pending sales rose 8.8% to a record high of 132.8. An index of 100...
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This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa. U.S. new home sales plunged 15.4% in March as the lockdowns that began in the middle of the month began to rattle the housing market. The Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February. (AP Photo/Keith Srakocic)
September 24, 2020 - 9:19 am
NEW YORK (AP) — Sales of new homes rose by a very strong 4.8% in August to a seasonally-adjusted annual rate of 1.01 million units. The gains reported Thursday by the The Commerce Department follow steep declines in March and April when COVID-19 infections spread in the U.S. That pace picked back...
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Workers toil on a multifamily dwelling Tuesday, Aug. 4, 2020, in Winter Park, Colo. The Commerce Department reported Tuesday, Aug. 18, construction of new U.S. homes surged 22.6% last month as homebuilders continued to bounce back from the coronavirus pandemic. (AP Photo/David Zalubowski)
September 17, 2020 - 7:47 am
WASHINGTON (AP) — U.S. housing construction fell 5.1% in August after three months of strong gains as home builders mounted a rebound following a pandemic-induced shutdown in March and April. The Commerce Department reported Thursday that new homes were started at a seasonally adjusted annual pace...
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A new home is under construction on Wednesday, Aug. 19, 2020, in Pine Township, Pa. U.S. construction spending edged up a tiny 0.1% in July, breaking a string of losses due to disruptions caused by the coronavirus pandemic. (AP Photo/Ted Shaffrey)
September 01, 2020 - 10:02 am
WASHINGTON (AP) — U.S. construction spending edged up a tiny 0.1% in July, breaking a string of losses due to disruptions caused by the coronavirus pandemic. The Commerce Department reported that the slight July gain followed a 0.5% decline in June. In July, spending on residential construction...
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FILE - In this April 1, 2020 photo, a "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns. The Commerce Department reported Tuesday, Aug. 25, that July’s gain propelled sales of new homes to a seasonally-adjusted annual rate of 901,000. (AP Photo/Elaine Thompson, File)
August 25, 2020 - 9:31 am
SILVER SPRING, Md. (AP) — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns. The Commerce Department reported Tuesday that July's gain propelled sales of new homes to a seasonally-...
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FILE - This Monday, April 27, 2020, file photo shows a sale pending sign on a home in Mount Lebanon, Pa. The coronavirus pandemic helped shape the housing market by influencing everything from the direction of mortgage rates to the inventory of homes on the market to the types of homes in demand and the desired locations. (AP Photo/Gene J. Puskar, File)
August 21, 2020 - 12:34 pm
SILVER SPRING, Md. (AP) — Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%. The July surge in sales reported Friday by the National Association of Realtors marked the...
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