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1. The Commerce Department reported that construction spending tumbled 1. 1 percent in June, the worst showing in six months.
2. Construction spending figures for July, pending home sales for July and August car sales also are due on Tuesday.
3. Adding to the positive economic note, construction spending increased across the board in April, with investment in private construction rising for the first time since October.
4. That, in turn, should prop up construction spending andboost consumer spending.
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5. Analysts said the manufacturing and construction spending data was further evidence that the economic decline may be slowing, and stocks climbed more than 1 percent while prices of Treasuries slumped.
6. A report from the U.S. Commerce Department showed construction spending rose 0.3 percent in March, the first increase in six months.
7. Seasonally adjusted construction spending increased by 0.8% in April after rising by 0.4% in March.
8. Even with the governments tax-credit gimmick, residential construction spending is still 3.85% below the level seen last year and a whopping 62.93% below the peak set in March 2006.
9. A separate report on Monday showed construction spending hit a five-month high in November, more evidence that the U.S. economy picked up steam in the final quarter of last year.
10. In addition to the stronger-than-expected manufacturing data, construction spending recorded its largest gain in nearly 10 years in April, government data showed.
11. Private single family residential construction spending increased 3.89% as compared to February 2009 but still remains some 75.48% below the peak set in February 2006.
12. A fall in U.S. construction spending in May to a more than 10-year low also tempered the economic outlook.
13. In the U.S., the world's largest oil user, construction spending rose in November for a third month, boosted by federal government projects, the Commerce Department said yesterday.
14. In another report, the Commerce Department said that construction spending fell 0.2 percent in July from a month earlier, and was 10.5 percent lower than it had been in July 2008.
15. Construction spending was lifted by investment in public projects, which rose 0.7 percent, while private investment rose to the highest level since June despite continued housing market weakness.
16. In two to three weeks, Ehrlich said, the Commerce Department plans publish statistics on durable goods orders and construction spending.
17. It was the fifth month in a row that public construction, which makes up a third of total U.S. construction spending, made gains.
18. Separately the U.S. Commerce Department report said that while construction spending rose, private construction slipped, mainly on a 4.2 percent decrease in residential building.
19. In that, the county joined a troubling national trend: the collapse of construction spending.
20. Other reports today may show consumer spending rose for a third month while construction spending dropped.
21. Cantor indicated the Republican-controlled House would not support ideas like construction spending and aid to cash-strapped states that were in the 2009 stimulus bill.
22. But headwinds for the U.S. economy remain, as a separate report showed construction spending fell in November to a more than six-year low, depressed by a decline in homebuilding.
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