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Tag: nonresidential: Page 2
Business
Construction spending dips 0.3% in November due to decrease in government nonresidential
Increases in homebuilding in both the private and public sectors were not enough to offset a decrease in government nonresidential as construction spending fell 0.3 percent in November. According to preliminary estimates from the Commerce Department, construction spending in November fell to a seasonally adjusted annual rate of $975 billion. The new data also revised the September and October rates […]
January 5, 2015
Roadbuilding
Nonresidential projects push construction spending to largest monthly gain in more than 2 years in July
After seeing its first drop in one year during June, construction spending in the U.S. fully recovered and then some in July, with its largest monthly gain in more than two years. Construction spending rose 1.8 percent to a seasonally adjusted annual rate of $981.3 billion in July, according to preliminary estimates by the Commerce […]
September 3, 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
Business
U.S. construction spending drops 1.8% in June with losses in nonresidential and government projects
Construction spending in the U.S. fell 1.8% in June for the first drop in one year. Construction spending fell to $950 billion in June from the revised May figure of $967.7 billion. Due to the revision of that figure, what was a 0.1-percent increase in May is now an 0.8-percent increase. Total spending is up 5.5 […]
August 1, 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
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
Home
August construction activity down 0.6 percent
Total construction activity for August 2012 was $837.1 billion, 0.6 percent (+/-2.1%) below the $842.0 billion in the revised July 2012, according to figures from the United States Census Bureau. The total value of construction put in place in August was $837,089 million, at a seasonally adjusted rate. The seasonally adjusted rate of the value […]
October 1, 2012
Safety
Construction spending declines in July
Construction spending decreases 0.9 percent in July, according to the September 4 report by the United States Census Bureau, which also reports construction spending is up 9.3 percent year over year. Nonresidential construction spending fell 0.6 percent in July, with outlays slipping to a seasonally adjusted annual rate of $563.2 billion. Year over year, total […]
September 6, 2012
Safety
Construction spending up 7 percent
Total residential and nonresidential construction spending in the United States increased 0.9 percent from April to May and is 7 percent higher from one year ago, according to the July 2 construction spending report from the U.S. Census Bureau. Nonresidential construction was unchanged in May from the previous month, totaling $562.3 billion. Among the eight […]
July 16, 2012
Roadbuilding
Nonresidential construction employment increases
Nonresidential construction employment increased in December by 17,000 despite a 16 percent decrease in overall construction employment. Associated General Contractors of America officials said unseasonably warm weather likely extended the construction season, benefitting construction employment. “Nonresidential construction is clearly driving last month’s employment gains,” said Ken Simonson, the association’s chief economist. “But it is too […]
January 9, 2012
Home
Nonresidential construction employment increases
Nonresidential construction employment increased in December by 17,000 despite a 16 percent decrease in overall construction employment. Associated General Contractors of America officials said unseasonably warm weather likely extended the construction season, benefitting construction employment. “Nonresidential construction is clearly driving last month’s employment gains,” said Ken Simonson, the association’s chief economist. “But it is too […]
January 9, 2012
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