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Home » Keywords: » Construction spending

Items Tagged with 'Construction spending'

ARTICLES

AGC logo

Construction Spending Dips 0.1 Percent in January with Drop in Homebuilding and Public Construction

Construction association calls on officials in Washington to speed up issuance of guidance on “Buy America” rules for construction materials and energy projects eligible for tax credits
May 8, 2023
No Comments

Total construction spending decreased by 0.1 percent in January, as declines in single-family homebuilding and public construction offset marginal gains from private nonresidential construction, according to an analysis by the Associated General Contractors of America March 1 of new federal data.


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SWACCA

Census Launches New Data Product to Track Construction Spending for Private Manufacturing

March 6, 2023
No Comments

The U.S. Census Bureau launched a new experimental data product that features monthly construction spending estimates for private manufacturing. These estimates measure the construction work done on private new manufacturing structures or improvements to existing structures and include the cost of labor and materials, architectural and engineering work, overhead, interest, taxes paid during construction and contractor’s profits.


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AGC logo

Construction Spending Slips in December, Yet Record-High Job Openings Suggest Contractors Stay Bullish

Weather may account for conflicting trends on spending and jobs as construction officials warn of labor shortages and regulatory delays, urge public officials to ease red tape, boost construction training
March 1, 2023
No Comments

Total construction spending decreased by 0.4 percent in December, yet industry job openings at the end of the month set a new high for December, according to an assessment the Associated General Contractors of America conducted Feb. 1 of two new federal data sets.


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Construction Spending Edges Up 0.2 Percent in November

Association officials urge Biden Administration to address infrastructure regulatory and funding delays, released 2023 outlook during virtual briefing on Jan. 4 offering hiring and market predictions
January 13, 2023
No Comments

Total construction spending increased by 0.2 percent in November, dragged down by a lack of new infrastructure projects along with a continuing slide in homebuilding, according to an analysis the Associated General Contractors of America released Jan. 3 of federal spending data. Association officials urged leaders in Washington to speed the release of funds authorized by infrastructure laws passed in 2021 and 2022 and address regulatory delays associated with those projects.


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Construction Spending Slips in October as Worker Shortages Slow Project Completion Times

Construction spending declines 0.3 percent from September with decreases for residential, commercial, highway and manufacturing segments; contractors fill less than half the open positions in October
December 22, 2022
No Comments

Total construction spending decreased by 0.3 percent for the month of October, with downturns in homebuilding and most major nonresidential categories, according to an analysis the Associated General Contractors of America released Dec. 1 of federal spending data. Association officials noted contractors are struggling to complete projects as the number of open positions at the end of October topped hires in the month.


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AGC logo

Construction Spending Ticks Up in September, Driven by Nonresidential Construction, Despite Drop in Public-Sector Activity for the Month

Construction spending hits $1.811 trillion in September, driven by big boosts in annual manufacturing, lodging & commercial activity, transportation investments lag as regulations bog down infrastructure
November 23, 2022
No Comments

Total construction spending increased by 0.2 percent for the month of September and by 10.9 percent for the year, as nonresidential construction activity now outpaces residential construction, according to an analysis the Associated General Contractors of America released on Nov. 1 of federal spending data. Association officials noted that gains in public sector transportation construction have lagged other fast-growing segments as officials grapple with Buy America and other new regulatory requirements.


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AGC logo

Construction Spending Slips in August with Steep Slide in Homebuilding, Mixed Results for Public and Private Nonresidential Categories

Construction association officials say demand for housing and developer-financed projects getting crushed by rising interest rates, but infrastructure, power and manufacturing could gain steam soon
October 23, 2022
No Comments

Total construction spending declined by 0.7 percent in August as spending on new houses turned sharply lower, while public and private nonresidential construction posted mixed results, according to an analysis the Associated General Contractors of America released on Oct. 3 of federal spending data. Association officials said that rising interest rates were hurting demand for housing and many private-sector projects, while the impacts of new federal funding for infrastructure, semiconductor plants and green energy facilities have yet to fully kick in.


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AGC logo

Construction Spending Slips in July as Sharp Downturn in Homebuilding Outweighs Advances in Private Nonresidential and Public Projects

Construction association survey finds labor shortages and supply chain problems are constraining further nonresidential growth; officials urge public leaders to reform training and immigration policies
September 23, 2022
No Comments

Total construction spending decreased by 0.4% in July as spending on new houses and apartments tumbled, overshadowing a pickup in private nonresidential and public construction, according to an analysis the Associated General Contractors of America released on Sept. 1 of federal spending data.


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AGC logo

Construction Spending Falls in June with Declines in Residential and Nonresidential Activity Amid Growing Labor and Materials Shortages

Construction Association official says supply chain challenges and lack of workers is suppressing demand for new construction amid higher construction costs and longer schedules
August 3, 2022
No Comments

Total construction spending fell by 1.1% in June as spending on new housing and nonresidential projects declined compared to May, according to an analysis the Associated General Contractors of America released today of federal spending data. Association officials said that the construction spending figures are being impacted as materials and labor shortages are slowing schedules and increasing the cost of construction.


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AIA logo

Nonresidential Construction Spending Projected to Increase Through 2023

January 29, 2022
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According to a new report from AIA, the nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year.


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