Tag: Census Bureau

Business

Why an error in the Commerce Department’s construction spending calculation is actually good news

The Commerce Department has announced a revision to 10 years worth of construction spending estimates, correcting a calculation error that will likely lead to a boost in the GDP. “In the November 2015 press release, monthly and annual estimates… for January 2005 through October 2015 have been revised to correct a processing error in the tabulation of […]

January 5, 2016

Business

New home sales up 1.5% in March

After a dip in February followed a strong surge in January, new home sales edged slightly upward in March. According to data from the U.S. Census Bureau, sales of new single-family homes rose 1.5 percent in March to a seasonally adjusted annual rate of 417,000. At the end of March, 153,000 homes were listed for […]

April 23, 2013

Business

Housing starts jump 7% in March to highest level since before recession

The housing recovery boom marches on. Following a month of stagnation in February, housing starts jumped 7 percent in March to their highest levels since June 2008, according to preliminary data from the U.S. Commerce Department. The big month pushed construction on houses and apartments over the seven figure threshold to a seasonally adjusted rate […]

April 16, 2013

Business

Construction spending up 7.1% annually as nine-month streak of increases is snapped

A nine-month string of increases in revised construction spending figures was snapped in January, falling 2.1 percent from December 2012 to a preliminary figure of $883.2 billion. Despite the dip, spending remains 7.1 percent higher than January 2012, according to seasonally-adjusted data released by the United States Census Bureau. Residential construction stalled from December to January, […]

March 1, 2013

Technology

Census Bureau, HUD release September constructions statistics

The United States Census Bureau and the Department of Housing and Urban Development (HUD) have jointly released residential construction statistics for September 2012. Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 894,000.  This is 11.6 percent above the revised August rate of 801,000 and is 45.1 […]

October 17, 2012

Home

Construction spending tumbles to 10-year low

Construction spending fell 2.5 percent in December to a $788 billion seasonally adjusted annual rate, the lowest level in a decade, reports the Associated General Contractors of America in analysis of Census Bureau data. All three major categories – private residential, private nonresidential and public construction – shared in the decline. However, there were a […]

February 8, 2011

Roadbuilding

Construction spending tumbles to 10-year low

Construction spending fell 2.5 percent in December to a $788 billion seasonally adjusted annual rate, the lowest level in a decade, reports the Associated General Contractors of America in analysis of Census Bureau data. All three major categories – private residential, private nonresidential and public construction – shared in the decline. However, there were a […]

February 3, 2011

Roadbuilding

Construction spending went up in August

Total construction spending went up 0.4 percent between July and August to $812 billion. This rise was driven by increases in public construction activity, including stimulus and base realignment projects, according to an analysis of new Census Bureau data released by the Associated General Contractors of America. Association officials cautioned, however, that private residential and […]

October 5, 2010

Home

Construction spending went up in August

Total construction spending went up 0.4 percent between July and August to $812 billion. This rise was driven by increases in public construction activity, including stimulus and base realignment projects, according to an analysis of new Census Bureau data released by the Associated General Contractors of America. Association officials cautioned, however, that private residential and […]

October 5, 2010

Home

Construction spending went up in August

Total construction spending went up 0.4 percent between July and August to $812 billion. This rise was driven by increases in public construction activity, including stimulus and base realignment projects, according to an analysis of new Census Bureau data released by the Associated General Contractors of America. Association officials cautioned, however, that private residential and […]

October 5, 2010

Home

Stimulus funds boost construction spending

Construction spending rose to $869 billion between March and April this year thanks to stimulus funds, according to an Associated General Contractors of America (AGC) analysis of the Census Bureau’s latest spending figures. Total construction spending rose by 2.7 percent, or $23 billion, over the month according to Census Bureau data released June 1, 2010. […]

June 16, 2010

Roadbuilding

Stimulus funds boost April’s construction spending numbers

Construction spending rose to $869 billion between March and April this year thanks to stimulus funds, according to an Associated General Contractors of America (AGC) analysis of the Census Bureau’s latest spending figures. Total construction spending rose by 2.7 percent, or $23 billion, over the month according to Census Bureau data released June 1, 2010. […]

June 15, 2010