Real Estate > Trends

One stunning chart shows the success of federal aid in helping financially struggling households

1 month ago   |   By Business Insider

The Commerce Department released data showing that household incomes rose in April as a result of government aid, combined with a fall in consumer spending that magnified the trend.
The savings rate also soared to 33% as a share of personal disposable income, a record high.
A chart below illustrates the effectiveness of federal aid in significantly boosting household incomes during a period of significant economic contraction and reduced consumer spending.
Visit Business Insider's homepage for more stories .
As lawmakers debate the extent of further government intervention for another...
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Construction Spending Decreased in April

Construction Spending Decreased in April

1 month ago   |   By Calculated Risk

From the Census Bureau reported that overall construction spending decreased in April:
Construction spending during April 2020 was estimated at a seasonally adjusted annual rate of $1,346.2 billion, 2.9 percent below the revised March estimate of $1,386.6 billion. The April figure is 3.0 percent above the April 2019 estimate of $1,307.1 billion.
emphasis added Both private and public spending decreased:
Spending on private construction was at a seasonally adjusted annual rate of $1,004.1 billion, 3.0 percent below the revised March estimate of $1,035.6 billion....
n April, the estimated...
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US construction spending falls 2.9% in April with residential building down sharply

US construction spending falls 2.9% in April with residential building down sharply

1 month ago   |   By Stl Today

WASHINGTON - US construction spending falls 2.9% in April with residential building down sharply.
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April construction spending falls 2.9% as virus upends work

1 month ago   |   By Chron

WASHINGTON - U.S. construction spending fell 2.9% in April with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.
The Commerce Department said that the April decline followed a basically flat reading in March.
Spending on residential construction dropped 4.5% in April with single-family construction down 6.6% and the smaller apartment segment down 9.1%
Construction of nonresidential projects fell 1.3% with office buildings, hotels and the sector that includes shopping centers all down.
Spending on construction by the federal...
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Construction spending falls less than expected

1 month ago   |   By Reuters

U.S. construction spending fell less than expected in April even as other sectors of the economy buckle under the COVID-19 crisis.
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The Latest: Mississippi Speaker Gunn positive for virus

The Latest: Mississippi Speaker Gunn positive for virus

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Census: Household Pulse Survey shows 32% of Households Expect Loss in...

Census: Household Pulse Survey shows 32% of Households Expect Loss in Income; 24.5% Concerned about Housing

Note: The question on lost income is always since March 13, 2020 - so this percentage will not decline. From the Census Bureau: Measuring Household Experiences during the... Read more ...

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How realtors are giving virtual home tours in the absence of open houses during the pandemic

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Trump threw an elaborate July 4th event while much of the US shied away from...

Trump threw an elaborate July 4th event while much of the US shied away from celebrations amid coronavirus fears

Americans shied away from typical Fourth of July festivities on Saturday amid rising coronavirus concerns, but the White House threw a large event celebrating Independence... Read more ...

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Trump announced a 'National Garden' to honor 'American heroes' after railing...

Trump announced a 'National Garden' to honor 'American heroes' after railing against removing Confederate symbols

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