Associated General Contractors (AGC) chief economist Ken Simonson – in his latest Data Digest Report – noted that solely due to soaring residential activity, construction spending in March increased 0.2% from a downwardly revised February rate and 5.3% from March 2020 to a seasonally adjusted annual rate of $1.51 trillion, the Census Bureau reported. Because unusually mild or harsh weather…
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Construction Spending Down In February; Highways Decline
The U.S. Census Bureau reported that construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% (±0.7%) below the revised January estimate of $1,529.0 billion. The February figure is 5.3% (±1.0%) above the February 2020 estimate of $1,441.1 billion.
Read MoreConstruction Spending Rises in January
The U.S. Census Bureau announced that construction spending during January 2021 was estimated at a seasonally adjusted annual rate of $1,521.5 billion, 1.7% (±0.7%) above the revised December estimate of $1,496.5 billion. The January figure is 5.8% (±1.0%) above the January 2020 estimate of $1,437.7 billion.
Read MoreConstruction Spending Up in December; Rises for Year
The U.S. Census Bureau announced that total construction spending during December 2020 was estimated at a seasonally adjusted annual rate of $1,490.4 billion, 1.0% (± 0.8%) above the revised November estimate of $1,475.6 billion.
Read MoreConstruction Spending Rises in November; Highways Up
Construction spending during November 2020 was estimated at a seasonally adjusted annual rate of $1,459.4 billion, 0.9% (±0.8%) above the revised October estimate of $1,446.9 billion. The November figure is 3.8% (±1.3%) above the November 2019 estimate of $1,405.5 billion.
Read MoreConstruction Spending Up Slightly in October
The U.S. Census Bureau announced that construction spending during October 2020 was estimated at a seasonally adjusted annual rate of $1,438.5 billion, 1.3% (±1.0%) above the revised September estimate of $1,420.4 billion. The October figure is 3.7% (±1.3%) above the October 2019 estimate of $1,386.8 billion.
Read MoreMaterial Shortages, Price Increases
Nov. 24, 2020 – According to Ken Simonson, chief economist for Associated General Contractors of America (AGC), selective materials shortages and price increases continue to affect contractors. AGC has received reports of cement shortages in California and Utah. Participants in the October ABI survey also reported problems. Overall, six in 10 responding firms this month indicated that they have seen some degree of…
Read MoreAssociation Heads Comment on Presidential Election
The National Stone, Sand & Gravel Association’s (NSSGA) President and CEO Michael Johnson issued the following statement on the outcome of the 2020 elections: “NSSGA commends a record number of citizens for exercising their right to vote and congratulates the winners of this historic election. The strength of ROCKPAC and the active engagement of our members in the political process served to…
Read MoreConstruction Spending Ticks Up; Highways Dealt a Setback
The U.S. Census Bureau announced that construction spending during September 2020 was estimated at a seasonally adjusted annual rate of $1,414.0 billion, 0.3% (±1.0%) above the revised August estimate of $1,410.4 billion. The September figure is 1.5% (±1.3%) above the September 2019 estimate of $1,393.3 billion.
Read MoreWhere We Stand
As the industry heads into the eighth month of the COVID-19 crisis, we continue to see a mixed bag of industry and economic indicators. Aggregates producers seem to be holding their own, over and above the fact that the construction market has seen its fair share of fluctuations. Aggregates production did dip 3% compared with that of the second quarter…
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