Tag: nonresidential construction

Dealers

H&E posts 20% revenue boost for 1Q; acquisition strategy continues

H&E Equipment Services saw revenues increase 20.4 percent in the first three months of 2019 over the same period last year. Read more on this here.

April 29, 2019

Dealers

Strong construction market to continue with rising equipment sales, no recession, reports Wells Fargo

Wells Fargo is predicting another strong year for the heavy equipment and construction industries. Get more information on the report here on Equipment World.

March 1, 2019

Construction Equipment

Cat sales jump 20% in 2018: Record profit per share, but stock dives

Despite the good news, Caterpillar also saw a 9% plummet in its stock on Monday, January 28, 2019. Get the latest news from Caterpillar on Equipment World.

February 3, 2019

Business

U.S construction spending reaches all-time high on strength of residential projects, public spending

Despite the record rate in spending, Simonson warns of the potential for rising material costs, due in part to the Trump administration's new tariffs.

July 3, 2018

Business

Commercial construction planning drops for fourth month in a row

Planning for nonresidential construction projects continued to lose ground in September for the fourth consecutive month, according to the Dodge Momentum Index. The index declined 8.4 percent from August, with institutional building dropping the most, at 11.5 percent. Commercial building planning fell 6.1 percent. The index measures the initial report for nonresidential building projects being […]

October 9, 2017

Business

Construction spending flat in May with dip in residential

Homebuilding declines were nearly matched by gains in nonresidential construction in May as total construction spending in the U.S. was flat for the month, according to preliminary estimates from the Commerce Department. Despite the flat month, construction spending’s total of $1.23 trillion was up 4.5 percent from the year-ago, May 2016 figure. Private residential spending […]

July 3, 2017

Business

Year-end report: Construction spending dips slightly in December, shows 4.5 percent year-over-year gains in 2016

U.S. construction spending in December was 0.2 percent below the revised November estimate, yet still 4.2 percent over the December 2015 figures, according to numbers released by the U.S. Census Bureau. Also releasing its year-end numbers, the Bureau places the 2016 value of construction at $1.162 trillion, which is 4.5 percent above the $1.112 trillion […]

February 2, 2017

Business

Construction spending falls 1.8% in April

Monthly declines in both residential and nonresidential construction led to a 1.8-percent decrease in U.S. construction spending during April. Spending is at a seasonally adjusted annual rate of $1.134 trillion and remains up 4.5 percent from the April 2015 rate, according to preliminary data from the Commerce Department. Total residential spending fell 1.5 percent to $445 […]

June 1, 2016

Roadbuilding

Construction spending drops in November, highway spending increases

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

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

Construction industry growth numbers keep outlook positive

The latest report from the Associated Builders and Contractors (ABC) highlighting construction growth last month is welcome news and a good sign that the construction industry continues to recover. ABC’s Chief Economist Anirban Basu says that nonresidential construction added nearly 5,000 jobs in November and that the outlook remains positive. The U.S. construction industry […]

December 16, 2014

Roadbuilding

Highway and bridge construction starts on the rise in September

New construction starts rose 10 percent in September to a seasonally adjusted annual rate of $604.1 billion, according to McGraw Hill Construction. The increase followed an up-and-down pattern during the previous two months, and brought activity to its highest level so far during 2014. Nonbuilding construction saw a 38 percent increase at $162.9 billion with the electric […]

October 20, 2014