Construction Reporter

  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
  • Lna
  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
  • Lna
Construction News

new federal numbers show slight decrease in construction spending

7/19/2019

0 Comments

 
Picture
Construction spending nationally remained strong this spring in a range of categories, according to new numbers just released by the U.S. Census Bureau.

But compared with last year at this same time that spending was off by 2.3 percent.

The Census says its data estimates factor the “cost of labor and materials, cost of architecture and engineering work, overhead costs, interest and taxes paid during construction, and contractors’ profits.”

As such, the bureau says that in the public construction sector, spending is up a significant 12 percent over last year at this time, with highway and street construction projects up by 18 percent.

Also in public construction, education project spending was up by 7.9 percent, while spending on transportation construction projects saw a 6.8 percent gain.

The most significant spending decreases were seen in private residential projects. While multifamily construction was up by nearly 9 percent, spending on single family projects dropped 6.5 percent.

And even though some industry analysts predicted the opposite, spending on residential improvement projects was off by 16 percent.

Spending proved uneven in other segments of the large nonresidential category with commercial construction taking a 10 percent decline, while spending on manufacturing and office construction projects increased 11 and 8.5 percent respectively.

According to the latest Census Bureau data, overall construction spending nationally was at the $1.2 trillion mark, down from $1.3 trillion in April.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox. Sign up for our newsletter

    Subscribe

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

Home
PLANS & PRICING
Free Trial
magazine​
become a member
reprographics (new)
magazine store
FAQs
CONTACT
​ABOUT

​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758



Timely, reliable news since 1949


Copyright © 2020 Construction Reporter
User Agreement   Privacy Policy   Archive Policy