According to the U.S. Census Bureau, construction spending during February 2023 was estimated at a seasonally adjusted annual rate of $1,844.1 billion, 0.1% (±0.7%) below the revised January estimate of $1,845.4 billion. The February figure is 5.2% (±1.2%) above the February 2022 estimate of $1,753.1 billion. During the first two months of this year, construction spending amounted to $260.8 billion,…
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Private Construction Spending Up Double Digits in 2022
According to the U.S. Census Bureau, construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% (± 0.8%) below the revised November estimate of $1,817.3 billion. The December figure is 7.7% (±1.2%) above the December 2021 estimate of $1,681.0 billion. The value of construction in 2022 was $1,792.9 billion, 10.2% (±0.8%) above the…
Read MoreConstruction Spending, Highways Tick Up in September
The U.S. Census Bureau announced that total construction spending during September 2022 was estimated at a seasonally adjusted annual rate of $1,811.1 billion, 0.2% (±1.0%) above the revised August estimate of $1,807.0 billion. The September figure is 10.9% (±1.5%) above the September 2021 estimate of $1,632.9 billion. During the first nine months of this year, construction spending amounted to $1,353.7…
Read MoreHighway Construction Costs Jumped At Least 7.3% in 2021
The Federal Highway Administration released the last highway construction cost inflation data for calendar year 2021, and the 12-month average of the National Highway Cost Construction Index (NHCCI) was 7.3% higher than the 12-month average for calendar year 2020, according to an analysis from the ENO Center. A 7.3% per year sustained cost increase has the potential to be devastating –…
Read MoreHyundai Debuts Articulated Dump Truck Models
Hyundai Construction Equipment Americas announced it is entering the articulated dump truck market with two new models – the HA30 and HA45 articulated dump trucks – targeting the popular 30- and 45-ton segments. The first of the new ADTs are now available for order through Hyundai’s North American network of authorized dealers.
Read MoreMarch Construction Spending Up Slightly; Highways Up Year Over Year
The U.S. Census Bureau announced that construction spending during March 2022 was estimated at a seasonally adjusted annual rate of $1,730.5 billion, 0.1% (±0.7%) above the revised February estimate of $1,728.6 billion. The March figure is 11.7% (±1.0%) above the March 2021 estimate of $1,548.6 billion. During the first three months of this year, construction spending amounted to $376.6 billion,…
Read MoreHighway 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…
Read MoreConstruction Spending Down for Month; Up for Year
Construction spending during April 2017 was estimated at a seasonally adjusted annual rate of $1,218.5 billion, 1.4 percent (±1.0 percent) below the revised March estimate of $1,235.5 billion. The April figure is 6.7 percent (±1.5 percent) above the April 2016 estimate of $1,142.5 billion.
Read MoreConstruction 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.
Read MoreMay Construction Starts Rise; Highways Still Climbing
Highway And Bridge Construction Edged Up 1 Percent In May, Advancing For The Second Month In A Row Following The Lackluster Amount Reported In March. By Mark S. Kuhar
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