Construction Spending Rises in November

Construction spending during November 2023 was estimated at a seasonally adjusted annual rate of $2,050.1 billion, 0.4% (±1.0%) above the revised October estimate of $2,042.5 billion.  The November figure is 11.3% (±1.5%) above the November 2022 estimate of $1,842.2 billion. During the first 11 months of 2023, construction spending amounted to $1,817.1 billion, 6.2% (±1.0%) above the $1,711.1 billion for…

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Construction Spending Rises in October

According to the U.S. Census Bureau, construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6% (±1.0%) above the revised September estimate of $2,014.7 billion. The October figure is 10.7% (±1.6%) above the October 2022 estimate of $1,830.5 billion. During the first 10 months of this year, construction spending amounted to $1,646.0 billion,…

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Construction Starts Drop in September, Fewer Megaprojects Move Forward

Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential starts lost 4%, residential starts declined 6%, and nonbuilding starts fell 9%. Highway and bridge starts fell 15%. Year-to-date through September 2023, total construction starts were 3% below that of 2022. Residential and nonresidential starts were down 17%…

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Construction Starts Increase in August; Highways Surge

Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Highway and bridge starts jumped 19%. Year-to-date through August 2023, total construction starts were 5% below…

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Construction Spending Rises in May, Highways Down

Construction spending during May 2023 was estimated at a seasonally adjusted annual rate of $1,925.6 billion, 0.9% (±0.5%) above the revised April estimate of $1,909.0 billion. The May figure is 2.4% (±1.2%) above the May 2022 estimate of $1,880.9 billion. During the first five months of this year, construction spending amounted to $740.8 billion, 2.9% (±1.0%) above the $719.6 billion…

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Total Construction Starts Slip in April; Highways Rise Higher

Total construction starts fell 4% in April to a seasonally adjusted annual rate of $1.04 trillion, according to Dodge Construction Network. Nonresidential starts led the drop as manufacturing fell 22% following strong performance in March. To balance the decline, nonbuilding starts rose 7%, and residential building starts gained 12%.  On a year-to-date basis through April, total construction starts were 7%…

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Construction Spending Up Year-Over-Year

According to the U.S. Census Bureau, construction spending during February 2023 was estimated at a seasonally adjusted annual rate of $1,844.1 billion, 0.1% (±0.7%) below the revised January estimate of $1,845.4 billion.  The February figure is 5.2% (±1.2%) above the February 2022 estimate of $1,753.1 billion. During the first two months of this year, construction spending amounted to $260.8 billion,…

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Construction Spending Up Year-Over-Year

According to the U.S. Census Bureau, construction spending during January 2023 was estimated at a seasonally adjusted annual rate of $1,825.7 billion, 0.1% (±0.7%) below the revised December estimate of $1,827.5 billion. The January figure is 5.7% (±1.2%) above the January 2022 estimate of $1,726.6 billion. In January, the estimated seasonally adjusted annual rate of public construction spending was $383.1…

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Construction Spending Up Slightly for Month; Significantly for Year

According to the U.S. Census Bureau, construction spending during November 2022 was estimated at a seasonally adjusted annual rate of $1,807.5 billion, 0.2% (±0.8%) above the revised October estimate of $1,803.2 billion. The November figure is 8.5% (±1.3%) above the November 2021 estimate of $1,665.2 billion. 

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Total Construction Starts Increase in October; Highway Starts Soar

Total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. In October, nonresidential building starts gained 9%, and nonbuilding starts rose 26%; however, residential starts fell by 3%. Highway and bridge starts rose a startling 57%. Year-to-date, total construction was 16% higher in the first 10 months of 2022…

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