Public Outlays Turn Positive, Adding to Strength in Private Segments
February 3, 2015
Construction spending rose in December 2014 to a six-year high of $982 billion as public construction for the year increased for the first time since 2009, according to an analysis of construction data by the Associated General Contractors of America (AGC).
November Would Have Shown Growth Except for a Sizable Upward Revision to October’s Data
January 6, 2015
Nonresidential construction spending slipped 1 percent on a monthly basis in November, but still managed to expand 4 percent on a year-over-year basis according to the latest figures released by the U.S. Census Bureau. Spending for the month totaled $617 billion on a seasonally adjusted, annualized basis.
Total construction spending in January posted the largest year-over-year increase since 2006, with growth in public construction as well as private residential and nonresidential spending, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC).
Strong Residential and Mixed Private Nonresidential Activity Offset Public Decline
June 4, 2013
Total construction spending registered a small gain in April but showed very mixed patterns among major segments, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC).
According to the American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a sharp spike in demand for industrial facilities so far this year, along with sustained demand for hotels and retail projects factors into what projects to be a 4.4 percent rise in spending this year for nonresidential construction projects.
The U.S. Census Bureau of the Department of Commerce has announced that construction spending during May 2012 was estimated at a seasonally adjusted annual rate of $830 billion, 0.9 percent above the revised April estimate of $822.5 billion. The May 2012 figure is 7 percent above the May 2011 estimate of $775.8 billion.