Tag: government construction spending

Business

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

Roadbuilding

Obama proposes 6-year, $478 billion highway bill; industry groups voice support

As part of his new, $3.99 trillion budget released Monday, President Barack Obama has proposed $478 billion to fund the country’s transportation and infrastructure work over the next six years. Instead of raising the federal gas tax, Obama’s proposal would be paid for with money generated by a one-time tax holiday for companies with overseas investments. […]

February 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 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

Construction spending up 0.2% in March as homebuilding hits highest pace in nearly 6 years

U.S. construction spending was up slightly in March due mainly to increases in private residential construction, now at its highest rate in nearly six years. Total spending rose in March to a seasonally adjusted annual rate of $942.5 billion, up 0.2 percent from the revised February figure of $940.7 billion. Due to the revision of […]

May 1, 2014

Business

Homebuilding declines but construction spending up 0.1% in February

Construction spending in the U.S. ticked up 0.1 percent in February despite a decline in homebuilding, according to preliminary data from the Commerce Department. Total spending rose in February to a seasonally adjusted annual rate of $945.7 billion from the revised January figure of $944.6 billion. Due to the revision of that figure, what was a […]

April 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

Business

U.S. construction spending up 1% in November to nearly 5-year high

Construction spending in the U.S. rose 1 percent in November of last year to reach a nearly 5-year high. Spending reached a seasonally adjusted annual rate of $934.4 billion in November, according to preliminary data released by the Commerce Department. That’s the highest rate since May 2009 and 5.9 percent better than November 2012. October’s […]

January 2, 2014

Business

Construction spending up 0.8% in October to nearly 4 1/2-year high

Construction spending in the U.S. rose 0.8 percent in October to a nearly 4 1/2-year high. Construction spending reached a seasonally adjusted annual rate of $908.4 billion, the highest pace since May 2009, according to preliminary data released by the Commerce Department Monday. October’s total was 5.3 percent better than October 2012. The release of […]

December 2, 2013

Business

Construction spending up 0.6% August to 4-1/2-year high

Construction spending in the U.S. rose by 0.6 percent in August to its highest point since April 2009, according to preliminary data from the Commerce Department. According to the data, total construction spending rose to $915 billion in August. The total marks a 7.1-percent improvement over the same time last year. The boost comes thanks […]

October 22, 2013