HVAC Breaking News

Construction Slides in August

October 3, 2001
/ Print / Reprints /
/ 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.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts


NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


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.


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


facebook icontwitter iconyoutube iconLinkedIn i con