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Tag: U.S. Commerce Department
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Housing starts fall 0.2% in February as builder confidence rises slightly
Despite a large upward revision to January’s number, housing starts fell slightly in February, according to preliminary data from the Commerce Department. The Commerce Department revised January’s number to a seasonally-adjusted annual rate of 909,000—up 29,000 from the rate of 880,000 reported last month. February home starts fell 0.2 percent to a preliminary rate of […]
March 18, 2014
Home
Home starts rebound 6 percent in July as permits and builder confidence soar
We’ll say this for the current home construction recovery: it doesn’t stay down for long. Following a 10-percent drop in June, new home starts in July rose 6 percent to a seasonally-adjusted annual rate of 896,000, according to data from the Commerce Department Friday. It’s a good sign, as home starts inch closer to regaining the […]
August 16, 2013
Business
Construction spending up 0.4% in April despite another dip in government spending
Spending on construction projects in the United States rose 0.4 percent in April, continuing a volatile trend in 2013 of ups and downs, according to data released by the U.S. Commerce Department Monday. After dropping 4 percent in January, spending rose in February only to drop again in March. But in April things are back […]
June 3, 2013
Roadbuilding
Americans place high value on transportation
About 75 to 80 percent of Americans would prefer to have safe, efficient and well-maintained transportation infrastructure over cable, cell phone, internet, water, sewage and household electricity and natural gas services, according to a report from the American Road & Transportation Builders Association. The findings come from a poll conducted to find the value Americans […]
May 30, 2013
Business
Construction spending dips 1.7% in March due to drop in government building; up 4.9% annually
According to data released by the U.S. Commerce Department Wednesday, construction spending dropped 1.7 percent during March to its lowest mark since August 2012. Following a housing-fueled boost of 1.2 percent in February, construction spending was measured in March at a seasonally adjusted annual rate of $856.7 billion. According to the data, the monthly drop, […]
May 1, 2013
Business
Housing starts jump 7% in March to highest level since before recession
The housing recovery boom marches on. Following a month of stagnation in February, housing starts jumped 7 percent in March to their highest levels since June 2008, according to preliminary data from the U.S. Commerce Department. The big month pushed construction on houses and apartments over the seven figure threshold to a seasonally adjusted rate […]
April 16, 2013
Business
Manufacturing growth slows despite increase in construction spending
The majority of financial analysts expected growth in the manufacturing sector to accelerate in March thanks to the boom in housing and increases in construction spending. However, companies reported “fewer new orders and less production” in March than in February, the Washington Post reports. According to the Post, the Institue for Supply Management’s purchasing manager’s […]
April 5, 2013
Business
Construction spending up 7.9 percent annually, home building at highest level in 4 years
Thanks to a surge in home building, construction spending grew 1.2 percent in February, according to seasonally-adjusted data from the U.S. Commerce Department. After a nine-month string of monthly increases was snapped with a 2.1-percent dip in January, construction spending is now at a seasonally adjusted annual rate of $885.1 billion. Compared to February 2012, that […]
April 1, 2013
Business
U.S. home construction surges in December to highest mark since 2008
In December, builders began work on new homes at the fastest rate since the Summer of 2008, according to numbers from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a rate of 954,000 in December, marking a 12.1 percent increase over November’s rate and capping off the best year for […]
January 18, 2013
Roadbuilding
Mack intros powertrain, comments on construction market
At its press conference at the Mid-America Trucking Show, Mack introduced it’s “Pedigree Powertrain”, an integrated powertrain with engine, transmission and axles. Pedigree-spec’d trucks will be adorned with a gold Bulldog hood ornament. “Components designed to work together simply work better,” says John Walsh, vice president of marketing. Mack is extending that integration throughout the […]
March 26, 2012
Home
New home sales slow by 1.6 percent in February
Sales of newly built, single-family homes slowed 1.6 percent to a seasonally adjusted annual rate of 313,000 units in February, according to data jointly released by HUD and the U.S. Commerce Department today. “While many builders are seeing more traffic through their model homes as the spring buying season gets underway, tight lending conditions and […]
March 23, 2012
Home
February housing starts decline by 1.1 percent
Nationwide housing starts edged down 1.1 percent to a seasonally adjusted annual rate of 698,000 units in February, according to newly released figures from the U.S. Commerce Department. This was the second-best pace of new construction since October of 2008 following an upwardly revised 706,000-unit pace in January. “Builders are reporting increased buyer interest and […]
March 20, 2012
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