Construction Spending Rises; Highway Construction Falls

The U.S. Census Bureau announced that construction spending was estimated at a seasonally adjusted annual rate of $1,257.0 billion, 0.8 percent (±1.2 percent) above the revised October estimate of $1,247.1 billion. The November figure is 2.4 percent (±1.5 percent) above the November 2016 estimate of $1,227.0 billion. 

Read More

AED’s McGuire Blasts Washington Infrastructure Failure

Brian P. McGuire, president and CEO of Associated Equipment Distributors (AED), issued the following in response to the U.S. Census Bureau’s recent Value of Construction Put in Place (VIP) survey, which shows public construction spending in the country hit a 24-year low in the second quarter of this year. “With trillions of dollars of infrastructure needs in the United States,…

Read More

New Home Sales Slip in April After Strong Start to Year

Sales of newly built, single-family homes in April dropped for the first time in 2017, falling 11.4 percent to a seasonally adjusted annual rate of 569,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for the first three months of the year were all upwardly revised,…

Read More
1 2