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Tag: public construction spending
Business
Construction spending flat in Jan. as nonresidential wipes out housing gains
U.S. construction spending was flat in January as a dip in nonresidential spending wiped out a slight increase from home construction. At a seasonally adjusted annual rate of $1.26 trillion, total U.S. construction spending remains 3.2 percent above the January 2017 rate, according to the Commerce Department. Spending from private homebuilders, which includes renovations and […]
March 1, 2018
Roadbuilding
U.S. public construction spending hits 24-year low as % of GDP
Data from the U.S. Census Bureau and represented in graph form by the Federal Reserve Bank of St. Louis show public construction spending in the country hit a 24-year low in the second quarter of this year, reaching 1.42 percent of the nation’s gross domestic product. This is the second quarter of decline in spending […]
August 10, 2017
Business
Construction spending falls 1% in January
U.S. construction spending fell 1 percent in January as residential gains weren’t enough to offset drops in nonresidential and government spending. Spending fell to a seasonally adjusted annual rate of $1.2 trillion in January but remains up 3.1 percent over the January 2016 total, according to preliminary data from the Commerce Department. Private homebuilding rose […]
March 2, 2017
Business
U.S. construction spending continues climb; up 0.8% in May
Nonresidential projects again led to a sizable gain in U.S. construction spending during May, according to preliminary estimates from the Commerce Department. Spending rose to a seasonally adjusted annual rate of $1.035 trillion, the highest figure since October 2008 and an increase of 8.2 percent over May 2014. Total residential construction spending rose 0.3 percent to a rate of $366 billion […]
July 2, 2015
Business
Construction spending falls 0.4% in September due to dip in government projects
Construction spending in the U.S. fell for a second consecutive month in September, dipping 0.4 percent. According to preliminary estimates from the Commerce Department, spending was at a seasonally adjusted annual rate of $951 billion in September. In addition to the dip in September, the report revised downward the rates for the previous two months as […]
November 3, 2014
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 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 2, 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
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
U.S. construction spending up 0.1% in December, homebuilding rises to highest point in 5 1/2 years
Construction spending in the U.S. rose slightly in December, with homebuilding reaching its highest point in 5 1/2 years, according to preliminary data released by the Commerce Department today. In total, the value of construction in 2013 was $898.4 billion, finishing 4.8 percent above the 2012 figure. Spending rose a slight 0.1 percent to $930.4 billion […]
February 2, 2014
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