The U.S. Census Bureau announced that construction spending during January 2020 was estimated at a seasonally adjusted annual rate of $1,369.2 billion, 1.8% (±0.8%) above the revised December estimate of $1,345.5 billion.
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Construction Spending Dives in December; Highways Up
Construction spending during December 2019 was estimated at a seasonally adjusted annual rate of $1,327.7 billion, 0.2% (± 0.8%) below the revised November estimate of $1,329.9 billion. The December figure is 5.0% (±1.3%) above the December 2018 estimate of $1,264.8 billion. The value of construction in 2019 was $1,303.5 billion, 0.3% (±1.0%) below the $1,307.2 billion spent in 2018.
Read MoreConstruction Spending Up Slightly; Highways Also Rise
The U.S. Census Bureau announced that construction spending during November 2019 was estimated at a seasonally adjusted annual rate of $1,324.1 billion, 0.6% (±1.0%) above the revised October estimate of $1,316.8 billion. The November figure is 4.1% (±1.5%) above the November 2018 estimate of $1,271.4 billion.
Read MoreSimonson Said
Dec. 23, 2019 – Associated General Contractors (AGC) Chief Economist Ken Simonson is looking ahead to 2020. Despite staffing challenges, contractors are optimistic, on balance, regarding their hiring plans and the volume of work available in 2020 for nonresidential and multifamily construction, based on a survey that AGC just released. Respondents were asked whether the available dollar volume of projects they…
Read MoreConstruction Spending, Highway Construction Down in October
The U.S. Census Bureau announced that construction spending during October 2019 was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8% (±1.0%) below the revised September estimate of $1,301.8 billion. The October figure is 1.1% (±1.5%) above the October 2018 estimate of $1,277.4 billion. During the first 10 months of this year, construction spending amounted to $1,086.5 billion, 1.7% (±1.2%) below the $1,105.2 billion for the same…
Read MoreConstruction Spending Ticks Up in September
Construction spending during September 2019 was estimated at a seasonally adjusted annual rate of $1,293.6 billion, 0.5% (±1.0%) above the revised August estimate of $1,287.1 billion, according to the U.S. Census Bureau. The September figure is 2.0% (±1.8%) below the September 2018 estimate of $1,319.7 billion.
Read MoreConstruction Spending Inches Higher in August
The U.S. Census Bureau announced that construction spending during August 2019 was estimated at a seasonally adjusted annual rate of $1,287.3 billion, 0.1% (±1.2%) above the revised July estimate of $1,285.6 billion. The August figure is 1.9% (±1.8%) below the August 2018 estimate of $1,312.2 billion.
Read MoreConstruction Spending Rises; Highways Lagging
Construction spending during July 2019 was estimated at a seasonally adjusted annual rate of $1,288.8 billion, 0.1% (±1.3%) above the revised June estimate of $1,288.1 billion, according to the U.S. Census Bureau. The July figure is 2.7% (±1.6%) below the July 2018 estimate of $1,324.8 billion. During the first seven months of this year, construction spending amounted to $733.8 billion, 2.1% (±1.2%) below the $749.9…
Read MoreJune Construction Spending Down; Highways Dip
The U.S. Census Bureau reported that construction spending during June 2019 was estimated at a seasonally adjusted annual rate of $1,287.0 billion, 1.3% (±1.2%) below the revised May estimate of $1,303.4 billion.
Read MoreTrump Apprentice Program Stiffs Construction Industry
The Trump administration announced a program to boost funding and change the way apprenticeship programs are managed in the United States. These new apprenticeships would be run by businesses and industry associations, called Industry Recognized Apprentice Programs (IRAPs), in partnerships with schools.
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