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.
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.
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.
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.
Photos from the 2013 ACCA Conference & IE3 Expo in Orlando, Fla.
Podcasts
Cade Clark, assistant vice president of government affairs for the Air-Conditioning, Heating & Refrigeration Institute (AHRI), gives a brief overview of the new version of the Shaheen-Portman bill, what AHRI thinks of the energy-efficiency legislation, and how it might affect the HVACR industry if it becomes law.
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