Construction Spending

CONSTRUCTION EMPLOYMENT INCREASES IN 152 OUT OF 339 METRO AREAS BETWEEN MARCH 2012 & 2013 WHILE CONSTRUCTION SPENDING IS UP 4.8 PERCENT FOR THE YEAR

Mon, 13 May 2013 05:37:40 GMT

Source: www.agc.org --- Sunday, May 12, 2013
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US Power Construction Spending Still Parallels Renewable Metal Price Trend

Fri, 10 May 2013 17:23:03 GMT

Source: agmetalminer.com --- Friday, May 10, 2013
The monthly Renewables MMI® held steady for the second straight month, keeping its value of 67 in May. This index, composed of metals integral to the renewable energy sector, has mainly been buffeted... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...

Construction economists: spending on slow upward march, housing has long way to go

Fri, 10 May 2013 14:52:27 GMT

Source: www.equipmentworld.com --- Friday, May 10, 2013
There are several pluses and minuses in today’s Construction Spending front, although the overall picture is trending upwards, agreed three Construction economists participating in a Reed Construction Data forecast webinar today. “Construction is growing, but it is growing unevenly,” said Ken Simonson, chief economist for the Associated General Contractors of America. Simonson sees growth in three niches: “the shale gale” of oil shale development; expansion of the Panama Canal, prompting port and intermodal expansion on both coasts; and the big gains housing Construction has made in the past year. However, “we’ve seen a lot of progress in housing, but it still has a long way to go,” warned Kermit Baker, chief economist with the American Institute of Architects. He noted there is a regional pattern to housing gains; some of the areas hardest hit by the housing depression are now seeing the greatest year-over-year increases, including Phoenix, up 23 percent; Las Vegas, up 15 percent and Miami, up 10 percent. Baker expects housing starts at the end of 2013 to be up 30 percent over 2012 levels. “Even the lowest projection among economists has a 20 percent increase,” he said. AIA sees housing growing to 1.3 million starts by the end of 2014, still below what used to be a 1.7 million average. “It will be 2017 before we get back to those levels,” he said. On the nonresidential side, market fundamentals are generally positive and point t ...

US Construction Spending Drops, Hitting Ferrous Scrap, Other Metal Prices

Thu, 09 May 2013 17:34:33 GMT

Source: agmetalminer.com --- Thursday, May 09, 2013
The monthly Construction MMI® dropped 1.1 percent in May, primarily driven by Chinese rebar, Chinese H-beam and US shredded scrap prices (which certain folks in the industry say has not nearly hit bottom for the year) and officially hitting the one-year mark of wallowing under the Jan. 2012 index baseline. Total commercial Construction Spending fell [...] ...

Construction Spending: Winners & Losers in March 2013

Fri, 03 May 2013 23:00:00 GMT

Source: www.mdm.com --- Friday, May 03, 2013
Industry economist: March results reinforce pre-existing trends. ...

No. 520: March Trade Deficit and Construction Spending

Thu, 02 May 2013 15:42:36 GMT

Source: www.shadowstats.com --- Thursday, May 02, 2013
(SGS Subscription required) • March Trade Report Puts Upside Pressure on GDP Revision • Construction Spending Appears to Be Turning Down, Again ...

Economy Watch: Construction Spending Drops; Manufacturing Slightly Up; ADP Jobs Numbers Low

Thu, 02 May 2013 13:47:51 GMT

Source: www.cpexecutive.com --- Thursday, May 02, 2013
By Dees Stribling, Contributing Editor The Census Bureau reported on Wednesday that that U.S. Construction Spending during March 2013 was at an annualized rate of $856.7 billion, or 1.7 percent below the revised February figure. Compared with March 2012, the current figure is still 4.8 percent higher. Spending on private Construction was down in March by 0.6 percent compared with February, but that was mainly because of a monthly drop in nonresidential Construction of 1.5 percent. Residential Construction was at an annualized $294.9 billion in March, or 0.4 percent higher than in February. Public Spending dropped considerably as the sequester squeezed March, with the annualized rate of public Construction Spending coming in at $258.3 billion, or 4.1 percent below the February rate. Compared with this time last year, private residential Construction Spending is up 18 percent, and even private nonresidential Spending was up 3 percent. Most of the increase in nonresidential Construction Spending since last year was due to energy projects, including power stations and other electric facilities. Public Spending was already on its way down before the sequester, dropping 5.4 percent year over year. Manufacturing Still Growing, But Not by Much The Institute for Supply Management said on Wednesday that the U.S. manufacturing sector continued to expand in April, but barely. The ISM’s PMI came in at 50.7 percent, down from March’s reading o ...

Weak Remodeling Activity Weighs on Residential Construction Spending

Thu, 02 May 2013 12:00:56 GMT

Source: eyeonhousing.wordpress.com --- Thursday, May 02, 2013
Total private residential Construction Spending increased 0.4% on a month-to-month basis during March 2013. After data revisions, first quarter nominal Spending levels came in 2.3% lower than the final three months of 2012. With that said, private Construction Spending has bounced back by 33% since its cyclical low from nearly two years ago and has advanced more than 18% compared to March 2012. Spending on new single-family housing notched its 21st month-to-month gain over the last 22 months, increasing 1.6% versus February, which itself was revised higher from 4.6% to 5.4% growth. On a year-over-year basis the new single-family category has expanded 38% and has managed to rise 78% above the cyclical low observed back in mid-2009. With the current NAHB forecast projecting growth of 26% and 28% for single family housing starts in 2013 and 2014, respectively, we expect Spending activity to continue rising over the next two years. New multifamily Construction Spending registered a modest gain of 0.3% in March, but the initial estimate of a 2.2% drop for February was revised to a smaller decline of 1.4%. Despite these two lackluster months, the first-quarter average was a 12% improvement from the fourth quarter of 2012 and the nominal dollar value of Spending has skyrocketed 111% in less than two years. The forecast calls for a modest decline in multifamily starts during the second quarter of 2013 after what was likely an unsustainab ...

US construction dragged down by federal spending fall

Thu, 02 May 2013 09:43:30 GMT

Source: www.undercurrentnews.com --- Thursday, May 02, 2013
US Construction Spending drops 1.7% to a seasonally adjusted annual rate of $856.72bn during the monthInternational news The US Federal Reserve said it will keep buying bonds at a monthly pace of $85bn while standing ready to raise or lower [...] ...

Construction spending down 1.7 percent in March

Thu, 02 May 2013 09:22:00 GMT

Source: www.statesmanjournal.com --- Thursday, May 02, 2013
Spending on U.S. Construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building. ...

U.S. construction spending down 1.7 percent in March

Thu, 02 May 2013 04:44:22 GMT

Source: www.kboi2.com --- Wednesday, May 01, 2013
Spending on U.S. Construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building. ...

Construction Spending

Thu, 02 May 2013 00:19:15 GMT

Source: www.clevelandfed.org --- Wednesday, May 01, 2013
Private Construction Spending fell in March to $598.4 billion, a 0.6 percent decrease from the downwardly revised February estimate of $602.0 billion. March’s results are 9.8 percent higher year-over-year. Residential Construction Spending increased 0.4 percent over the month, to $294.9 billion. New multi-family Construction Spending rose 0.3 percent in March and is still up 52.7 percent year-over-year. New single-family Construction posted a monthly gain of 1.6 percent and is up 37.6 percent since last March. Private nonresidential Construction Spending was at $303.5 billion, 1.5 percent below the revised February estimate of $308.2 billion. Manufacturing, commercial, healthcare, educational, and power all registered declines over the month. The communication sector posted the largest monthly increase of 3.7 percent but is still down 4.1 percent year-over-year. Construction Spending ...

US: Declines in Public Building Pull Construction Spending Lower

Wed, 01 May 2013 22:14:00 GMT

Source: www.fxstreet.com --- Wednesday, May 01, 2013
Construction Spending fell 1.7 percent in March, with most of the decline coming from the public sector. Spending by state and local governments tumbled 4.3 percent, accounting for 72 percent of the overall drop. Single-Family Construction Remains Solid The housing recovery remains firmly on track. Spending for private new single-family homes rose 1.6 percent in March, following a 5.4 percent rise the previous month. Single-family Construction Spending is now up 37.6 percent ...

US Manufacturing Growth Slows; Construction Spending Falls

Wed, 01 May 2013 22:13:02 GMT

Source: www.democraticunderground.com --- Wednesday, May 01, 2013
Source: [b]REUTERS[/b] The pace of U.S. manufacturing growth slowed in April as the sector expanded only modestly, an industry report showed on Wednesday. A separate report showed that Construction Spending fell in March. The Institute for Supply Management (ISM) said its index of nati... ...

Construction Spending: March 2013

Wed, 01 May 2013 20:40:32 GMT

Source: seekingalpha.com --- Wednesday, May 01, 2013
By Sold At The Top : Today, the U.S. Census Bureau released its latest read of Construction Spending showing mixed results in March, with total private Construction Spending and private residential Construction Spending improving while non-residential Construction Spending declined. On a month-to-month basis, total residential Spending increased 0.40% from February climbing 18.24% above the level seen in March 2012, while still remaining Complete Story » ...

US construction spending down 1.7 percent in March

Wed, 01 May 2013 18:57:45 GMT

Source: idahobusinessreview.com --- Wednesday, May 01, 2013
Spending on U.S. Construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building. Construction Spending fell 1.7 percent in March, compared with February, the Commerce Department reported May 1. It marked the second decline in the past three months. January activity plunged a [...] ...

U.S. March Construction Spending Drops 1.7%

Wed, 01 May 2013 17:25:08 GMT

Source: www.foxbusiness.com --- Wednesday, May 01, 2013
Sharp declines in government Spending dragged down overall U.S. Construction, likely reflecting across-the-board budget cuts from Washington that took hold in March. ...

March construction spending down 1.7 percent

Wed, 01 May 2013 17:21:38 GMT

Source: dailyreporter.com --- Wednesday, May 01, 2013
Spending on U.S. Construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building. ...

March 2013 Construction Spending

Wed, 01 May 2013 16:58:00 GMT

Source: ecmweb.com --- Wednesday, May 01, 2013
Total Construction activity for March 2013 measures 1.7% below the revised February 2013 total read more ...

U.S. construction spending down 1.7 percent

Wed, 01 May 2013 16:51:52 GMT

Source: www.wenatcheeworld.com --- Wednesday, May 01, 2013
WASHINGTON — Spending on U.S. Construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building. The Commerce Department says Construction Spending fell 1.7 percent in March, compared with February. It marked the second decline in the past three months. January activity plunged a record 4 percent, which represented a downward revision from a previous estimate of a 2.1 percent decline. ...