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
  • Employment Opportunity
  • 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
  • Employment Opportunity
Construction News

new report shows national construction outlay increase

1/6/2020

0 Comments

 
Picture
Construction outlays increased in late 2019, according to the latest U.S. Census Bureau figures.

Altogether, construction spending was up by 0.6 percent in November over the month before, with a total dollar value of $1.3 billion.

But despite that strong November performance, construction spending actually posted an overall decline of 0.8 percent for the first eleven months of last year compared to 2018.

The largest November segment increase was seen in power industry construction, posting a gain of 4.3 percent, with oil and gas pipelines and field structure construction spending up by a large 12 percent.

In the public construction segment, highway and street spending was significantly up by 7.6 percent. Air, transit, rail, and port construction saw a 12 percent jump in November, and education facility construction went up by an even larger 13 percent.

At the same time, private residential spending increased 1.9 percent from October to November, with single-family construction showing a 1.2 percent jump in November over the month before.

The Census Bureau report, called simply Construction Spending, is a monthly estimate of the total dollar value of all construction work done in the U.S.

The report focuses on new public and private sector construction projects, as well as upgrades and renovations to existing structures.

The latest numbers for December’s construction outlays are scheduled to be released by the Census Bureau on February 3.

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

    February 2021
    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