Tags: construction spending
Guest Blog: Housing increases more than offset by falling federal spending
A new home undergoes construction. (Photo: Cecil Cardinal / Flickr)
Merger and acquisition activity remains slow, but steady, as the outlook for many construction markets remains flat and disappointing. Spending on U.S. construction projects fell in March, as the biggest ... Read More...
Construction spending declines 1.7 percent in March
Construction spending decreased by 1.7 percent in March to a seasonally adjusted annual rate of $856.7 billion, the lowest it has been since August 2012, our sister site, Equipment World, reported.
These figures come on the heels of a 1.2-percent boost ... Read More...
Construction spending up 1.2 percent in February
Our sister site, Equipment World, reported this week on a 1.2-percent increase in construction spending in February.
These figures follow a 2.1-percent decrease in January, bringing the seasonally adjusted rate to $885.1 billion. That number up 7.9 percent year-over-year, and Equipment ... Read More...
Stop fooling around
February construction spending is up, particularly with regard to residential building, private non-residential building and public investment, the Associated General Contractors of America (AGC) reports.
February construction put in place, valued at $885 billion, was up 1.2 percent from a month ... Read More...
AGC: Sequestration threatens federal programs
Congress faces a March 1 deadline to enact or delay sequestration, which will mean spending cuts totaling $85 billion between March 1 and Sept. 30, and $1 trillion throughout the next 10 years, the AGC reports in its Data DIGest. ... Read More...
Economist: U.S. economy and nonresidential construction sector in a ‘holding pattern’
Despite a 0.9-percent drop in construction spending in July — including both residential and non-residential building — spending is up 9.3 percent year-over-year, according to the Associated Builders and Contractors (ABC) report, citing the U.S. Census Bureau’s Sept. 4 numbers.
Non-residential construction spending ... Read More...
Nonresidential construction spending down for third consecutive month
Associated Builders and Contractors (ABC) reports that total nonresidential construction spending fell for the third month in a row, declining 0.2 percent in March to a seasonally adjusted annual rate of $556.85 billion, according to the May 1 report by ... Read More...
Volvo Rents acquires Gulf South Machinery of Mississippi
Volvo Rents announces the acquisition of Gulf South Machinery of Mississippi, a two-location construction equipment rental company with stores in Hattiesburg and Gulfport.
The centers are located at 45 Blackwell Blvd. and 14411 Creosote Dr., respectively.
Anchored by an increase in local ... Read More...
Data Mining August 2011
Fed grows pessimistic about economy
By George H. Reddin
Momentum for merger and acquisition activity cannot catch a break, and comments from the recent Federal Reserve Board meetings will not help spur on any additional activity.
The Federal Reserve has grown more pessimistic ... Read More...
Bloomberg report: Construction spending rises for second straight month
Construction spending in the U.S. rose in April for a second straight month as home-improvement expenditures increased along with construction of schools and power plants, Bloomberg reports.
The news agency says that the 0.4-percent gain followed a revised 0.1 percent ... Read More...
Construction spending tumbles to 10-year low
Construction spending fell 2.5 percent in December to a $788 billion seasonally adjusted annual rate, the lowest level in a decade, reports the Associated General Contractors of America in analysis of Census Bureau data. All three major categories – private ... Read More...
AGC: Construction spending up, but industry still ‘fragile’
Construction spending increased by 0.4 percent in November, the third straight rise in the total, the Associated General Contractors of America (AGC) noted in an analysis of new Census Bureau data.
Private residential and public construction each gained 0.7 percent compared ... Read More...
