Posted on Thursday, November 1, 2012 1:44 PM By Donna Puglisi
Despite a flurry of activity in residential construction spending, nonresidential construction spending decreased 0.4 percent in September, with outlays falling to a seasonally adjusted annual rate of $559.4 billion, according to the Nov. 1 construction spending report by the U.S. Commerce Department. Year-over-year, total nonresidential construction spending is up 2.6 percent, slightly higher than inflation.
Posted on Friday, October 5, 2012 1:39 PM By anonymous
In a sign the nation’s construction industry continues to struggle, the construction unemployment rate rose to 11.9 percent in September, up from 11.3 percent in August, according to the Labor Department’s Oct. 5 employment report. However, the construction unemployment rate is down from 13.3 percent the same time last year.
Posted on Monday, October 1, 2012 9:40 PM By anonymous
Construction spending has fallen for the second consecutive month, dipping 0.6 percent in August, according to the U.S. Census Bureau. However, spending is up 6.5 percent from one year ago.
Posted on Thursday, September 13, 2012 2:07 PM By anonymous
The nation’s construction materials prices increased for the first time in four months, rising 0.9 percent in August, according to the Sept. 13 Producer Price Index report by the U.S. Labor Department. Year over year, construction materials prices are up 1 percent. Nonresidential construction materials prices were 1 percent higher for the month and are up 0.7 percent from August 2011.
Posted on Tuesday, September 4, 2012 2:24 PM By anonymous
Further signaling a lackluster national economy, construction spending – which includes both nonresidential and residential building – decreased 0.9 percent in July, but is up 9.3 percent year over year, according to the Sept. 4 report by the U.S. Census Bureau.
Posted on Wednesday, August 1, 2012 2:51 PM By anonymous
“Nonresidential construction spending in June was roughly in accordance with expectations,” said Associated Builders and Contractors (ABC) Chief Economist Anirban Basu. “The volume of spending was virtually unchanged for the month, reflecting an economy that is growing slowly, but with an insufficient level of confidence to produce significant numbers of new construction starts.
Posted on Monday, July 2, 2012 9:28 AM By anonymous
Total construction spending in the nation – which includes both residential and nonresidential construction – increased 0.9 percent from April to May and is 7 percent higher from one year ago, according to the July 2 construction spending report from the U.S. Census Bureau. However, nonresidential construction was unchanged in May from the previous month, totaling $562.3 billion.