Tag: U.S. construction spending

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

Construction spending up 1.8% in April on multi-family housing strength

Total spending on construction projects in the U.S. rose 1.8 percent during the month of April, according to the latest Commerce Department data.

June 4, 2018

Business

Drop in residential brings down U.S. construction spending 1.7%

Spending on construction in the United States fell 1.7 percent in March to a seasonally adjusted annual rate of $1.284 trillion, according to data from the Commerce Department. Despite the monthly drop, U.S. construction spending remained up 3.6 percent over the March 2017 rate. The main contributor to the overall drop in spending was a […]

May 2, 2018

Dealers

Business Roundup: Chicago Pneumatic excavator attachments re-branded to Epiroc; Global Rental Alliance focuses on workforce development; Minnich signs N.Y.’s JC Smith; Construction spending up 0.1%; Construction loses 15k jobs

With strong 2018 outlook, Global Rental Alliance focuses on workforce development, technology Strategies to promote more women and minorities in the rental industry, as well as efforts to engage young professionals, provoked a lively discussion when the Global Rental Alliance (GRA) met recently at The Rental Show in New Orleans. Technology trends and workforce development […]

April 9, 2018

Business

Dip in government holds back private jump as U.S. construction spending ticks up 0.1% in Feb.

U.S. spending on construction projects was barely better than flat in February as a big gain in private spending was nearly completely offset by a dip in government spending. Total spending reached a seasonally adjusted annual rate of $1.273 trillion in February and is up 3 percent over February 2017. Private spending rose by 0.7 […]

April 2, 2018

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

Home

Construction spending up 0.4% in August

U.S. construction spending increased 0.5 percent from July to $1.218 trillion and is up 2.5 percent over the August 2016 total. Total nonresidential spending rose 0.5 percent in August to $692 billion but remains down 3.4 percent from the year-ago total. Top percentage increases were public safety, up 5.7 percent to $8.3 billion; educational, up […]

October 3, 2017

Business

Construction spending falls 0.6% in July

A decline in nonresidential brought down total U.S. construction spending in July. Total spending dipped 0.6 percent from June to $1.2 trillion but remains up 1.8 percent over the July 2016 total. Total nonresidential spending dropped 1.7 percent in July to $688 billion but is down 4.3 percent from the year-ago total. Top percentage declines […]

September 6, 2017

Business

Nonresidential sends construction spending down 1.3% in June

Decreases in spending on apartment homes and nonresidential projects were the difference in June’s construction spending report, as total U.S. spending fell 1.3 percent to a seasonally adjusted annual rate of $1.205 trillion. Despite the monthly drop, the annual rate remains 1.6 percent above the June 2016 rate. Total residential spending fell 0.3 percent in […]

August 3, 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 up 0.5% in October thanks to residential gains

U.S. construction spending rose 0.5 percent during October due to gains in homebuilding and government projects. Spending rose to a seasonally adjusted annual rate of $1.172 trillion and is 3.4 percent above the October 2015 mark, according to preliminary data from the Commerce Department. Spending in the private homebuilding sector rose 1.6 percent to $466 billion during October, […]

December 1, 2016