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 –…
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Hyundai 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
Read MoreConstruction 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.
Read MoreMay 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…
Read MoreNew 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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