HVAC Breaking News

Construction Slides in August

October 3, 2001
/ Print / Reprints /
ShareMore
/ Text Size+
ALEXANDRIA, VA — The Census Bureau reported that the value of construction in August totaled $845.5 billion, a 1% decrease from July, and nearly a 3% drop from the year’s high in April. “These figures show that construction, as well as other sectors, had stopped growing even before the tragedies of September 11,” said Ken Simonson, chief economist for General Contractors of America. “Unfortunately, those events are likely to put a halt to many construction projects until owners can reassess their financial situation. I expect to see a further decline in construction across the board, followed by very limited categories of expansion in the next few months.”

Simonson said August’s decline was broad-based. The value of nonresidential private buildings, estimated at $196.7 billion in August, shrank by 3% from July and 13% from its peak in March. Highway construction dropped 10% from July to August, offsetting small gains in other categories of public construction, and residential private construction has slipped, and is now 3% below its high-water mark in February.

For more information, go to www.census.gov/pub/const/c30 curr.pdf (website).

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Karen Brohl

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 ACI Home Performance Conference

The 2014 ACI National Home Performance Conference & Trade Show was held in Detroit.

Podcasts

Jeff Hutchinson, Energy Solutions Manager for mechanical contractor Bruner Corp., talks about the ductless market and how it can be profitable for a commercial contractor.

More Podcasts

ACHRNEWS

NEWS 07-21-14 cover

2014 July 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

R-22 PHASEOUT POLL

Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con