Tag: nonresidential spending: Page 3

Construction spending rises 0.7% in July to 7-year high

Construction spending in the U.S. reached its highest mark in seven years in July thanks to major increases from single-family homes and manufacturing facilities. Total spending rose 0.7 percent during the month to $1.083 trillion, a 13.7-percent increase over July 2014 and the highest level since May 2008, according to preliminary data from the Commerce Department. The report also […]

September 1, 2015

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Construction spending inches up 0.1% in June

With no change to nonresidential spending, total construction spending in the U.S. saw its smallest gain in five months, according to preliminary estimates from the Commerce Department. The primary fuel for the industry’s huge spending growth in the last year or so has been nonresidential which was flat this month at $687 billion. Residential, meanwhile, […]

August 4, 2015

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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

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Construction spending up 2.2% in April to $1 trillion, 6-year high

Big gains in nonresidential boosted total construction spending in April 2.2 percent, according to preliminary estimates from the Commerce Department. Spending rose to a seasonally adjusted annual rate of $1.006 trillion, the highest figure in more than 6 years and up 4.8 percent over April 2014. Total residential construction spending rose 0.6 percent to a rate of $359 billion while […]

June 1, 2015

Highway and street spending accounted for the highest gain in nonresidential, up 8.6 percent during April to $87 billion.

U.S. construction spending flat in February

Construction spending in the U.S. was flat during February, the result of a slight increase in private construction and a decrease in government spending. Total spending fell 0.1 percent during the month to $967.1 billion, according to preliminary estimates from the Commerce Department. Spending was up 2.1 percent over February 2014. Residential and nonresidential construction spending both […]

April 1, 2015

Construction spending up 1.1% in October due to gains in homebuilding, government nonresidential

U.S. construction spending rose 1.1 percent during the month of October due mainly to increases in homebuilding and government nonresidential projects. According to preliminary estimates from the Commerce Department, October construction spending was at a seasonally adjusted annual rate of $971 billion. The new data also revised the August and September rates upward from the previously estimated $955 […]

December 2, 2014

AGC economist forecasts strong construction growth thanks to ‘shale gale’, Panama Canal expansion

The morning after Republicans won back the U.S. Senate, Ken Simonson, chief economist for the Associated General Contractors of America, said that conservative majorities in both houses of Congress are unlikely to spend money to improve the the country’s infrastructure, but that private construction will be robust. The keynote speaker Wednesday at the 2014 Association […]

November 6, 2014

Highway construction spending down for second straight month

U.S. construction spending dropped for the second straight month in September, this time by .4 percent. In August construction spending dropped .5 percent. The September decline pushed construction spending down to $950.9 billion at a seasonally adjusted annual rate. The good news: that’s still 2.9 percent higher than the level a year ago. Highway and […]

November 4, 2014

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

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Highway construction spending down in August

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 4, 2014

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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

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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

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