US construction spending unexpectedly falls in May Mon, Jul 1, 2024, 4:32 PM GMT+2 1 min read 1 Advertisement Up next BlackRock teases indexes for private markets after Preqin deal Mon, Ju...
Webster Financial Corporation (WBS)
Last webster financial corporation earnings: 4/21 07:30 am
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The Commerce Department's Census Bureau said on Monday that construction spending dipped 0.1% after an upwardly revised 0.3% increase in April. Economists polled by Reuters had forecast construction spending rebounding 0.2% after a previously reported 0.1% fall in April. Construction spending increased 6.4% year-on-year in May. Spending on private construction projects slipped 0.3% in May after rising 0.4% in the prior month. Investment in residential construction dropped 0.2% after surging 0.9% in April. Outlays on new single-family construction projects decreased 0.7%. Spending on multi-family housing was unchanged. Mortgage rates shot up in May, hurting homebuilder confidence, homebuilding and home sales. Housing supply has improved considerably as the higher borrowing costs stifle demand, which could limit growth in new construction. The inventory of previously owned homes in May was the largest since August 2022, while new housing supply was the highest in more than 16 y
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WBS
News
- Webster Financial Co. (NYSE: WBS) had its price target lowered by analysts at Jefferies Financial Group Inc. from $56.00 to $51.00. They now have a "buy" rating on the stock.MarketBeat
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WBS
Earnings
- 4/23/24 - Miss
WBS
Sec Filings
- 6/28/24 - Form S-8
- 6/28/24 - Form NT
- 6/5/24 - Form 4
- WBS's page on the SEC website