The U.S. Census Bureau announced that construction spending during June 2021 was estimated at a seasonally adjusted annual rate of $1,552.2 billion, 0.1% (±1.2%) above the revised May estimate of $1,551.2 billion. The June figure is 8.2%(±1.3%) above the June 2020 estimate of $1,435.0 billion.
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Construction Spending Down in May; Highways Up
The U.S. Census Bureau reported that construction spending during May 2021 was estimated at a seasonally adjusted annual rate of $1,545.3 billion, 0.3% (±1.0%) below the revised April estimate of $1,549.5 billion.
Read MorePrices Continue to Rise
June 22, 2021 – In its first quarter report, Vulcan Materials noted, “The pricing environment continues to be positive across the company’s footprint as demand visibility continues to improve. For the quarter, freight-adjusted pricing increased 2% (mix-adjusted pricing increased 1.3%). Mix-adjusted pricing improved sequentially in March, reflecting recently announced price increases in certain key markets. Prices are expected to continue to increase sequentially during the remainder…
Read MoreConstruction Spending Inches Higher; Highways Up
The U.S. Census Bureau announced that total construction spending during April 2021 was estimated at a seasonally adjusted annual rate of $1,524.2 billion, 0.2% (±0.8%) above the revised March estimate of $1,521.0 billion.
Read MoreMaterials Costs Rise at Record Pace
May 18, 2021 – According to Associated General Contractors Chief Economist Ken Simonson, the producer price index (PPI) for nonresidential building construction – a measure of the price that contractors say they would charge to build a fixed set of buildings – increased 1.2% from March and 2.3% year-over-year (y/y) since April 2020, while the PPI for material and service inputs to…
Read MoreSimonson Says Price Increases Continue
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…
Read MoreConstruction 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.
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