Tag: nonresidential construction: Page 2

Business

Construction spending dips 0.8% in August due to fall in nonresidential

U.S. construction spending saw its second dip of the year in August, falling 0.8 percent. Spending was at a seasonally adjusted annual rate of $961 billion in August, according to preliminary estimates in a report from the Commerce Department. In addition to August’s dip, the report revised downward the rates for the previous two months […]

October 1, 2014

Business

Nonresidential construction starts fall 19.5% during July as builder outlook shrinks due to increased labor, materials costs

Following an “exceptionally strong” June, the dollar value of nonresidential construction starts fell 19.5 percent during July, according to data gathered by Reed Construction Data. “A surge of project authorizations at the beginning of summer has been followed by a significant retreat,” says Reed chief economist Alex Carrick. “The latest month was a return to […]

August 20, 2014

Roadbuilding

U.S. construction industry gains jobs, spending falters

The U.S. construction industry added 22,000 jobs in the month of July, according to the Bureau of Labor Statistics. Nonresidential construction accounts for 6,600 of those jobs, including 2,500 jobs in the heavy and civil engineering segment.That’s a huge improvement when you consider only 100 nonresidential construction jobs were added in June. “While nonresidential construction’s […]

August 4, 2014

Business

U.S. construction spending ticks up 0.1% in May despite dip in home building

Construction spending in the U.S. saw a slight increase in May and for the second straight month the gains are largely due to increases in government projects. Construction spending rose to $956.1 billion in April, an increase of 0.1 percent from the revised April figure of $955.1 billion. Due to the revision of that figure, what […]

July 1, 2014

Business

Despite slow start to 2014 and concerns, top construction economists forecast growth in spending and jobs

The outlook from respected economists in the construction industry continues to be mixed as all the elements for growth are there but several factors could limit or hurt the industry’s ongoing recovery. Bernard Markstein, chief economist at Reed Construction Data, Kermit Baker, chief economist at the American Institute of Architects and Ken Simonson, chief economist […]

April 17, 2014

Business

Construction expected to grow 8% this year with “groundhog”-like growth from nonresidential

Construction industry consultant FMI has released what it calls a “cautiously optimistic” outlook for the industry in 2014 in its latest quarterly report. The report predicts construction put-in-place to grow 8 percent this year and for the next few years. “Just like the spring, despite all odds and nasty economic weather, the nation needs to […]

March 27, 2014

Business

FMI nonresidential construction index reaches highest score to date

FMI’s first quarter Nonresidential Construction Index came in at 64.9 points, showing a 7.5 point increase from the fourth quarter 2013 index, as well as a 6.8 point increase from the first quarter of last year. It’s also the highest NRCI score to date. Industry consultant FMI says nearly half of panelists in the index […]

February 20, 2014

Business

Slumping productivity, political football drive down Q4 Nonresidential Construction Index

For the first time in five months, two of which brought its highest marks ever, FMI’s Nonresidential Construction Index (NRCI) fell 2.9 points in the fourth quarter to 57.4. The good news is that despite the drop from last quarter, any mark above 50 on the index indicates growth and this quarter is still 1.9 […]

December 4, 2013

Business

Construction spending up 0.6% in July to highest mark since June 2009

Construction spending in the U.S. rose 0.6 percent in July despite more decreases in government spending, according to preliminary data from the Commerce Department. Total construction spending rose to $900.8 billion in July thanks to gains in both housing and nonresidential projects. That’s the highest spending total since June 2009 and bests the July 2012 […]

September 3, 2013

Business

Nonresidential construction index indicates gradual improvement, notes concerns with sequester, labor shortage

The FMI Nonresidential Construction Index has reached the highest mark since its inception in the first quarter of 2009. Released this week, the second quarter 2013 edition of the NRCI reached 60.1. FMI, a management consultant and investment banking provider, surveys a group of panelists each quarter to measure the health of the nonresidential construction […]

May 30, 2013

Business

Contractors, equipment dealers optimistic about construction activity, rental fleet growth

The latest round of the Wells Fargo Equipment Finance Construction Optimism Quotient registered at a 106, indicating that contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2013. The Optimism Quotient is a piece of the Wells Fargo 2013 Construction Industry forecast used to gauge contractors and equipment distributors’ feeling […]

March 11, 2013

Business

Construction spending hits highest mark in 3 years

Construction spending increased by 9.6 percent in the year between October 2011 and October 2012, to a 37-month high of $872 million, according to seasonally-adjusted data released by the United States Census Bureau. “…Construction has finally come out of its long slump,” said Ken Simonson, chief economist for the Associated General Contractors of America, in […]

December 3, 2012