The U.S. Census Bureau of the Department of Commerce announced that construction spending during March 2016 was estimated at a seasonally adjusted annual rate of $1,137.5 billion, 0.3 percent (±1.0 percent) above the revised February estimate of $1,133.6 billion.
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Construction Equipment Exports Decline
March 2, 2016 – Exports of U.S.-made construction equipment ended 2015 with a 19-percent decline compared to the previous year for a total $13.9 billion shipped worldwide. All world regions experienced declines, led by Africa and South America, according to the Association of Equipment Manufacturers (AEM), citing U.S. Department of Commerce data it uses in global market reports for members. The…
Read MoreConstruction Spending Rises in December; Full-Year 2015
The U.S. Census Bureau of the Department of Commerce announced that construction spending during December 2015 was estimated at a seasonally adjusted annual rate of $1,116.6 billion, 0.1 percent (±1.2 percent) above the revised November estimate of $1,116.0 billion. The December figure is 8.2 percent (±1.8 percent) above the December 2014 estimate of $1,031.6 billion.
Read MoreSingle-Family Housing Starts Reach Seven-Year High
Nationwide housing starts rose 10.5 percent to a seasonally adjusted annual rate of 1.173 million units in November, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 7.6 percent to a seasonally adjusted annual rate of 768,000 units, its highest reading since January 2008. Multifamily production rose 16.4…
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