Construction spending edged down in November but outlays for the year remained on track for a modest increase over 2013 totals, according to an analysis by the Associated General Contractors of America (AGC). Association officials said the new spending figures come as the group’s members prepare a new push for action on a series of federal infrastructure programs, including funding…
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Construction Spending Up 2.4 Percent Year-Over-Year
The U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2014 was estimated at a seasonally adjusted annual rate of $975.0 billion, 0.3 percent (±1.5 percent) below the revised October estimate of $977.7 billion. The November figure is 2.4 percent (±1.6 percent) above the November 2013 estimate of $952.5 billion.
Read MoreDodge Momentum Index Creeps Higher
The Dodge Momentum Index increased in November, climbing to 125.0 (2000=100) for the month, up 0.6 percent from October’s reading of 124.3 according to Dodge Data & Analytics.
Read MoreConstruction Spending Up Slightly in October
The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2014 was estimated at a seasonally adjusted annual rate of $971.0 billion, 1.1 percent (±1.8 percent) above the revised September estimate of $960.3 billion.
Read MoreDodge Momentum Index Increases in October
The Dodge Momentum Index rose in October, climbing to 125.5 (2000=100) for the month, up 7.6 percent from October’s reading of 116.6 according to Dodge Data & Analytics.
Read MoreConstruction Spending Slips Again
Construction spending decreased for the second consecutive month in September as declines in public and private nonresidential construction, as well as multifamily projects, offset growth in single-family homebuilding, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures underscore how challenges current market conditions are for many firms.
Read MoreDodge Momentum Inches Up
The Dodge Momentum Index made a small gain in August, increasing to 118.8 (2000=100) for the month, up 0.2 percent from the July reading. The improvement in August is on the heels of a 5.7 percent decline in July, according to McGraw Hill Construction, a division of McGraw Hill Financial.
Read MoreConstruction Spending Inches Higher
The U.S. Census Bureau of the Department of Commerce reported that construction spending during July 2014 was estimated at a seasonally adjusted annual rate of $981.3 billion, 1.8 percent (±1.6 percent) above the revised June estimate of $963.7 billion. The July figure is 8.2 percent (±2.3 percent) above the July 2013 estimate of $906.6 billion.
Read MoreJune Construction Dips; But Higher Year-Over-Year
The U.S. Census Bureau of the Department of Commerce announced that construction spending during June 2014 was estimated at a seasonally adjusted annual rate of $950.2 billion, 1.8 percent (±1.8 percent) below the revised May estimate of $967.8 billion.
Read MoreConstruction Spending Ticks Up in May
The U.S. Census Bureau of the Department of Commerce announced that construction spending during May 2014 was estimated at a seasonally adjusted annual rate of $956.1 billion, 0.1 percent (±1.6 percent) above the revised April estimate of $955.1 billion. The May figure is 6.6 percent (±2.1 percent) above the May 2013 estimate of $896.6 billion.
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