Tag: government construction spending: Page 2

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

Construction spending falls 0.6% in June as government spending falls to lowest level since 2006

Snapping two consecutive months of increases, U.S. construction spending fell 0.6 percent in June to $884 billion due to larger decreases in nonresidential and government spending. The decline is the biggest seen in the last five months. Government construction spending fell 1.1 percent in June to $261 billion—it’s lowest level since 2006. Public residential construction […]

August 1, 2013

Business

Forecast for 2013 construction value growth revised down due to shifting strength of individual markets

In its second quarter 2013 Construction Outlook report, FMI has revised down its forecast for overall construction value growth to 7 percent from the 8 percent growth forecasted in the first quarter. FMI, a management consulting and investment banking provider for the engineering and construction industry, dropped its forecast for the U.S. value of construction-put-in-place […]

July 10, 2013

Business

Construction spending up 0.5% in May to nearly 4-year high behind rise in government spending

Spending on construction projects in the U.S. saw a second consecutive month of gains in May, rising 0.5 percent to a nearly four-year high, according to new data released by the U.S. Commerce Department Monday. Spending rose from the revised April figure to a seasonally adjusted annual rate of $875 billion. That mark is 5.4 percent higher […]

July 1, 2013