June 10, 2020 – The National Stone, Sand & Gravel Association (NSSGA), as part of its virtual Executive Committee & Leadership Summit, hosted economist Anirban Basu, who took participants through recent economic ups and downs via charts, graphs, explanations and somehow The Lord of the Rings. Basu concluded that despite the ongoing negative signals, “the recovery is afoot.” But it won’t be fast.…
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Construction Spending Rises in January; Highways Up
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.
Read MoreConstruction 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 MoreSecond Half Economy Looking Up, Says ABC
Nonresidential fixed investment in structures expanded 4.6 percent on an annualized basis during the second quarter of 2013, according to the July 31 gross domestic product (GDP) report by the U.S. Commerce Department. This increase followed a 4.6 percent decline in the first quarter of the year.
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