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ABC's Construction Economic Update covers the latest commercial and industrial construction economic news. Delivered electronically, it provides an analysis of the monthly economic indices released by the federal government, including construction spending, employment, the producer price index and the quarterly gross domestic product.  

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From the category archives: Construction Spending

Construction Spending

Nonresidential Construction Spending Still Frozen in January

Nonresidential construction spending declined for the second consecutive month, falling 0.3 percent in January, but is up 6.5 percent over the past year, according to a March 3 release by the U.S. Census Bureau. Spending for the month totaled $578.7 billion on a seasonally adjusted, annualized basis.
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Nonresidential Construction Spending Falls in December

December represented the end of a three-month winning streak for nonresidential spending growth. According to a Feb. 3 release by the U.S. Census Bureau, nonresidential construction spending fell 1.3 percent on a monthly basis and 1.1 percent on a yearly basis in December. Spending for the month totaled $573.07 billion on a seasonally adjusted, annualized basis.
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Nonresidential Construction Spending Returns to Normal After Government Shutdown

Nonresidential construction spending grew 0.6 on a monthly and yearly basis in November 2013, according to the Jan. 2 release by the U.S. Census Bureau. In November, spending totaled $583.436 billion on a seasonally adjusted, annualized basis. 
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Nonresidential Construction Spending Inches Higher

Nonresidential construction spending increased 1.6 percent on a monthly basis in October after declining 1.3 percent in September, according to the Dec. 2 release by the U.S. Census Bureau. (This release contained two months of data because of the federal government shutdown.) On a year-over-year basis, nonresidential construction spending is down 0.7 percent through October. Spending totaled $575.563 billion for the month on a seasonally adjusted, annualized basis.
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Nonresidential Construction Spending Posts Modest Gains in August

Nonresidential construction spending grew 0.2 percent in August and is up 1.3 percent on an annual basis, according to the Oct. 22 release by the U.S. Census Bureau. August spending totaled $568.6 billion, on a seasonally adjusted, annualized basis.
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Construction Spending Rises 0.6 Percent in July

The nation’s builders were busy in July as construction spending increased 0.6 percent to $900.8 billion—the largest upswing in four years—according to the Sept. 3 report by the U.S. Commerce Department. Nonresidential construction spending also rose 0.6 percent in July, but is down 0.8 percent compared to one year ago.
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Nonresidential Construction Spending Inches Up 0.1 Percent in May

In a further sign of slow economic recovery, the nation’s nonresidential construction spending inched up 0.1 percent in May, according to the July 2 report by the U.S. Commerce Department. On a year-over-year basis, nonresidential construction spending was down 2.9 percent in May, with spending totaling $546.3 billion on a seasonally adjusted, annualized basis.
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Nonresidential Construction Spending Increases 0.7 Percent in April

After a disappointing March, the nation’s nonresidential construction industry bounced back moderately in April. According to the June 3 release by the U.S. Census Bureau, nonresidential construction spending increased 0.7 percent in April, with outlays increasing to a seasonally adjusted annualized rate of $552.45 billion. However, nonresidential construction spending is down 2.1 percent from one year ago.
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Nonresidential Construction Spending Slips 2.9 Percent in March

The nation’s nonresidential construction spending declined 2.9 percent in March, according to the May 1 construction spending report by the U.S. Census Bureau. On a year-over-year basis, total nonresidential construction spending is down 1.2 percent, indicating that recovery continues to elude this segment of the economy. Total nonresidential construction spending stands at $555.08 billion on an annualized basis.  
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Nonresidential Construction Spending up 0.7 Percent in February

As a sign of an improving economy, the nation’s nonresidential construction spending rose 0.7 percent in February, according to the April 1 construction spending report by the U.S. Commerce Department. Total nonresidential construction spending presently stands at $575.6 billion on a seasonally adjusted annualized basis, and is up 2.6 percent from one year ago.
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