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.

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Construction 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. 

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Construction 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…

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Construction 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…

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Highways on the Hot Seat

August 1, 2019 – According to the latest construction spending report from the U.S. Census Bureau, highway construction in June was at a seasonally adjusted annual rate of $101.9 billion, 6.4% (±5.4%) below the revised May estimate of $108.9 billion. But spending in the first half of 2019 was up sharply for most public infrastructure, with year-to-date increases of 14.5% for highway and street construction spending, 7.1% for transportation…

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