The U.S. Census Bureau announced that construction spending during August 2019 was estimated at a seasonally adjusted annual rate of $1,287.3 billion, 0.1% (±1.2%) above the revised July estimate of $1,285.6 billion. The August figure is 1.9% (±1.8%) below the August 2018 estimate of $1,312.2 billion.
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Outlook/Forecast 2019
With or Without a Federal Infrastructure Plan, 2019 is Likely to be a Year of Incremental Gains. By Mark S. Kuhar and Josephine Patterson
Read MoreConstruction Spending Hits Record High
Construction spending hit a seasonally adjusted annual rate of a record $1.329 trillion and grew 5.5 percent for nine months of 2018 combined, with continued year-to-date gains for major public and private categories, according to an analysis of new government data by the Associated General Contractors of America. Association officials said that while demand for construction should remain strong for…
Read MoreDodge Momentum Index Drops in September
The Dodge Momentum Index dropped 2.6 percent in September to 159.5 (2000=100) from the revised August reading of 163.7. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreConstruction Spending Up for August; Highways Rise
The U.S. Census Bureau announced that construction spending during August 2018 was estimated at a seasonally adjusted annual rate of $1,318.5 billion, 0.1 percent (±1.6 percent) above the revised July estimate of $1,317.4 billion. The August figure is 6.5 percent (±2.0 percent) above the August 2017 estimate of $1,237.5 billion.
Read MoreConstruction Spending Rises in July; Highways up 7.1 Percent
The U.S. Census Bureau reported that construction spending in July was estimated at a seasonally adjusted annual rate of $1,315.4 billion, 0.1 percent (±1.5 percent) above the revised June estimate of $1,314.2 billion.
Read MoreConstruction Spending Dips in June; Highways Up Year-to-Date
The U.S. Census Bureau announced that construction spending during June 2018 was estimated at a seasonally adjusted annual rate of $1,317.2 billion, 1.1 percent (±1.0 percent) below the revised May estimate of $1,332.2 billion. The June figure is 6.1 percent (±1.6 percent) above the June 2017estimate of $1,241.3 billion.
Read MoreConstruction Spending Rises; Highway Spending Declines
The U.S. Census Bureau announced that in May 2018, construction spending during May 2018 was estimated at a seasonally adjusted annual rate of $1,309.5 billion, 0.4 percent (±1.3 percent) above the revised April estimate of $1,304.5 billion.
Read MoreDodge Momentum Index Inches Up in May
The Dodge Momentum Index achieved a small gain in May, moving 1.8 percent higher to 167.8 (2000=100) from the revised April reading of 164.9. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreDodge Momentum Index Moves Higher in April
The Dodge Momentum Index jumped 6.1 percent in April to 163.0 (2000=100) from the revised March reading of 153.7. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
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