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.
The U.S. Commerce Department announced that U.S. construction spending increased for the third straight month in June. Overall U.S. construction spending grew by 0.4 percent in June to a seasonally adjusted annual rate of $842.1 billion.
For HVACR contractors who are involved in the residential construction market, there may be good news on the way. The latest numbers from this sector show that construction activity is picking up.
Construction industry executives are optimistic that local nonresidential construction activity will improve in 2013, according to a survey by Wells Fargo Equipment Finance Inc., a subsidiary of Wells Fargo & Co.
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).
The manufacturers creating new HVAC technologies are teaching others all about it.
Podcasts
Kara Saul Rinaldi, executive director with the National Home Performance Council (NHPC) introduces the NHPC and discusses a recently released white paper focused on properly developing the home-performance industry.
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