Construction spending during February 2024 was estimated at a seasonally adjusted annual rate of $2,091.5 billion, 0.3% (±0.8%) below the revised January estimate of $2,096.9 billion. The February figure is 10.7% (±1.3%) above the February 2023 estimate of $1,889.6 billion. During the first two months of this year, construction spending amounted to $298.1 billion, 11.9% (±1.3%) above the $266.5 billion…
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Construction Spending Rises in November
Construction spending during November 2023 was estimated at a seasonally adjusted annual rate of $2,050.1 billion, 0.4% (±1.0%) above the revised October estimate of $2,042.5 billion. The November figure is 11.3% (±1.5%) above the November 2022 estimate of $1,842.2 billion. During the first 11 months of 2023, construction spending amounted to $1,817.1 billion, 6.2% (±1.0%) above the $1,711.1 billion for…
Read MoreConstruction Spending Rises in October
According to the U.S. Census Bureau, construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6% (±1.0%) above the revised September estimate of $2,014.7 billion. The October figure is 10.7% (±1.6%) above the October 2022 estimate of $1,830.5 billion. During the first 10 months of this year, construction spending amounted to $1,646.0 billion,…
Read MoreTRIP Ohio Report Details, Road, Bridge Needs
Recent increases in state and federal transportation funding have allowed Ohio to make needed improvements to the condition, safety and efficiency of the state’s roads and bridges. While this additional funding has been helpful, many needed projects will not proceed due to a lack of available funding and the impact of highway construction inflation. This is according to a new…
Read MoreConstruction Spending Ticks Up in November
Construction spending during November 2023 was estimated at a seasonally adjusted annual rate of $2,050.1 billion, 0.4% (±1.0%) above the revised October estimate of $2,042.5 billion. The November figure is 11.3% (±1.5%) above the November 2022 estimate of $1,842.2 billion. During the first 11 months of 2023, construction spending amounted to $1,817.1 billion, 6.2% (±1.0%) above the $1,711.1 billion for…
Read MoreConstruction Spending Up Slightly in October
According to the U.S. Census Bureau, construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6% (±1.0%) above the revised September estimate of $2,014.7 billion. The October figure is 10.7% (±1.6%) above the October 2022 estimate of $1,830.5 billion. During the first 10 months of this year, construction spending amounted to $1,646.0 billion,…
Read MoreFormer Rogers Group Exec Joins Landmark Construction as COO
Landmark Construction Co., a prominent name in the civil construction industry, announced the appointment of Anthony M. Garcia as its new chief operating officer (COO). “Garcia brings an impressive background in the construction sector, marked by more than a decade of exemplary leadership and a profound commitment to operational excellence,” the company stated. For the past decade, Garcia has been…
Read MoreConstruction Spending Up Year-Over-Year
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,…
Read MorePrivate 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…
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