Highway Costs Keep Rising

July 22, 2019 – The Federal Highway Administration (FHWA) recently posted a first-quarter 2019 value for its National Highway Construction Cost Index (NHCCI), along with revised estimates for the second quarter through fourth quarter 2018. Prices fell 1.6% in the latest quarter, the first decline since the fourth quarter of 2017. But the year-over-year increase in the first quarter of 2019 was…

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Construction Spending Flat in July

The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2016 was estimated at a seasonally adjusted annual rate of $1,153.2 billion, nearly the same as (±1.5 percent) the revised June estimate of $1,153.5 billion. The July figure is 1.5 percent (±2.3 percent) percent above the July 2015 estimate of $1,135.9 billion.

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Construction Spending Down in May; Up Year-Over-Year

The U.S. Census Bureau of the Department of Commerce announced that construction spending during May 2016 was estimated at a seasonally adjusted annual rate of $1,143.3 billion, 0.8 percent (±1.3 percent) below the revised April estimate of $1,152.4 billion. The May figure is 2.8 percent (±1.6 percent) above the May 2015 estimate of $1,112.2 billion.

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May Construction Starts Rise 5 Percent

At a seasonally adjusted annual rate of $636.7 billion, new construction starts in May increased 5 percent from April, according to Dodge Data & Analytics. Much of the growth came from the nonbuilding construction sector (public works and electric utilities), which was lifted by a $3.8 billion oil pipeline in the upper Midwest as well as by seven power plant…

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New Construction Falls in April; Highways Rise

The value of new construction starts in April fell 8 percent from the previous month to a seasonally adjusted annual rate of $608.3 billion, according to Dodge Data & Analytics. Nonresidential building pulled back following its sharp March increase, and residential building also declined due to a slower pace for multifamily housing. Meanwhile, the nonbuilding construction sector showed improvement, with…

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November Construction Dips; Up Strong Year-Over-Year

The U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2015 was estimated at a seasonally adjusted annual rate of $1,122.5 billion, 0.4 percent (±1.5 percent) below the revised October estimate of $1,127.0 billion. The November figure is 10.5 percent (±1.8 percent) above the November 2014 estimate of $1,016.1 billion.

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Construction Spending Rises; Highways Tick Upward

The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2015 was estimated at a seasonally adjusted annual rate of $1,094.2 billion, 0.6 percent (±1.8 percent) above the revised August estimate of $1,087.5 billion. The September figure is 14.1 percent (±2.1 percent) above the September 2014 estimate of $959.2 billion.

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July Construction Spending Up Double Digits Over Last Year

The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2015 was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7 percent (±1.5 percent) above the revised June estimate of $1,075.9 billion. The July figure is 13.7 percent (±2.0 percent) above the July 2014 estimate of $952.5 billion.

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