Tags: construction spending

Construction spending rises 0.5 percent in May to $875 billion

Jul 03, 2013

Construction spending rises 0.5 percent in May to $875 billion

Construction spending rose 0.5 percent in May to a seasonally-adjusted rate of $875 billion, according to our sister site, Equipment World. May marked a second consecutive month of gains, and spending that month was 5.4 percent higher than the $830.3 billion ...

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Guest Blog: Housing increases more than offset by falling federal spending

May 09, 2013

Guest Blog: Housing increases more than offset by falling federal spending

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 drop in government projects in more than a decade overwhelmed ...

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Construction spending declines 1.7 percent in March

May 01, 2013

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 ...

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Construction spending up 1.2 percent in February

Apr 05, 2013

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 ...

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Stop fooling around

Apr 01, 2013

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 ...

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AGC: Sequestration threatens federal programs

Feb 19, 2013

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. ...

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Economist: U.S. economy and nonresidential construction sector in a ‘holding pattern’

Sep 04, 2012

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 ...

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Nonresidential construction spending down for third consecutive month

May 02, 2012

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 ...

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Volvo Rents acquires Gulf South Machinery of Mississippi

Sep 15, 2011

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 ...

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Data Mining August 2011

Aug 01, 2011

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 ...

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Bloomberg report: Construction spending rises for second straight month

Jun 02, 2011

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 ...

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Construction spending tumbles to 10-year low

Feb 01, 2011

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 ...

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