Construction spending during January 2024 was estimated at a seasonally adjusted annual rate of $2,102.4 billion, 0.2% (±0.8%) below the revised December estimate of $2,105.8 billion, according to the U.S. Census Bureau. The January figure is 11.7% (±1.5%) above the January 2023 estimate of $1,882.2 billion. In January, the estimated seasonally adjusted annual rate of public construction spending was $479.0…
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Construction 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 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 MoreDodge Construction Network Outlook 2024 Report Predicts Growth
After a year in which the economy and starts slowed considerably, the coming year should provide a transition to stronger growth for construction, according to the Dodge Construction Network’s (DCN) Outlook 2024 economic report. In 2024, total construction starts are expected to gain 7% to $1.2 trillion after growth slowed to just 1% in 2023 (and was down 2% after…
Read MoreConstruction Materials Prices Dip 0.3% in November; Aggregates Higher
Construction input prices decreased 0.3% in November compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices decreased 0.3% for the month as well. Inputs to construction are still nearly 39% higher than at the start of the COVID-19 pandemic. Construction…
Read MoreConstruction Spending Rises In July
Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1,972.6 billion, 0.7% (±0.5%) above the revised June estimate of $1,958.9 billion. The July figure is 5.5% (±1.2%) above the July 2022 estimate of $1,869.3 billion. During the first seven months of this year, construction spending amounted to $1,101.5 billion, 3.7% (±1.0%) above the $1,062.1 billion…
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 MoreConstruction Spending Up Year-Over-Year
According to the U.S. Census Bureau, construction spending during January 2023 was estimated at a seasonally adjusted annual rate of $1,825.7 billion, 0.1% (±0.7%) below the revised December estimate of $1,827.5 billion. The January figure is 5.7% (±1.2%) above the January 2022 estimate of $1,726.6 billion. In January, the estimated seasonally adjusted annual rate of public construction spending was $383.1…
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 MoreConstruction Spending Slips in August
Total construction spending during August 2022 was estimated at a seasonally adjusted annual rate of $1,781.3 billion, 0.7% (±1.0%) below the revised July estimate of $1,793.5 billion. The August figure is 8.5% (±1.6%) above the August 2021 estimate of $1,641.6 billion, according to the The U.S. Census Bureau. During the first eight months of this year, construction spending amounted to $1,183.8…
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