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Tag: construction spending


Construction Processes, Financial

Public construction spending soars, but private projects still face hurdles

February 2, 2024

Via: Construction Dive

After a revision flipped November’s 0.1% drop back to positive, December’s jump now marks the 19th consecutive month of growth, largely due to infrastructure and manufacturing activity, Basu said, noting big gains for spending overall last year. “Nonresidential construction spending […]


News

Nonresidential spending dips, ending 17 months of growth

January 4, 2024

Via: Construction Dive

When factoring in the residential sector, total construction spending increased 0.4% in November to a seasonally adjusted annualized basis of $2.05 trillion, according to the Associated General Contractors of America. “Private construction spending is showing renewed vigor in homebuilding and […]


Construction Processes, Financial

Construction spending inches higher

December 1, 2023

Via: Construction Dive

Mixed activity levels within categories suggest the construction market is shifting, but still remains strong overall, according to a separate analysis of spending trends from the Associated General Contractors of America. Spending on manufacturing plants, the largest nonresidential segment, jumped […]


Construction Processes, Financial

Public projects fuel construction spending growth

November 2, 2023

Via: Construction Dive

The largest nonresidential segments showed mixed results from August to September, according to the Associated General Contractors of America construction spending report. Commercial construction, which includes warehouse and retail projects, increased 0.7% in September, noted the AGC report. Meanwhile, investment […]


Construction Processes, Financial

Construction takes bigger bite out of the Big Apple

October 19, 2023

Via: Construction Dive

Nonresidential construction continues to lead construction spending in New York City, said Esposito. The federal government’s investment in infrastructure, along with resilient sectors such as healthcare, life sciences, manufacturing, data centers and transportation, will continue to create opportunities, he said. […]


Construction Processes, Financial

Manufacturing continues to drive construction spending

October 2, 2023

Via: Construction Dive

Spending levels remained mostly positive among large nonresidential segments, according to the Associated General Contractors of America construction spending report. Manufacturing-related spending continues to lead the way, posting a 1.2% uptick in August, according to the report. Spending on power, […]


Construction Processes, Financial

Construction spending growth looks ‘solid going forward’

September 5, 2023

Via: Construction Dive

Construction spending levels in July suggest “no letup in demand for construction workers or private-sector projects,” said Associated General Contractors of America Chief Economist Ken Simonson in the group’s own spending report. Still, Simonson continues to caution that progress on […]


Construction Processes, Financial

What’s driving construction technology spending in 2023 and 2024?

August 28, 2023

Via: Construction Dive

The Construction Market Forecasting Service (CMFS) 2023 second quarter edition predicted that starts would rise 2% in 2023. That level of growth is minuscule compared with 2022, when total construction starts rose 15% from the previous year. One risk the […]


News

Private projects stall even as public construction spending jumps

August 2, 2023

Via: Construction Dive

Despite that positive outlook for public infrastructure jobs, others still see hurdles in that area. For example, a report from the Associated General Contractors of America warned some of the regulatory requirements associated with federal construction funding, such as incomplete […]


Construction Processes, Financial

Nonresidential construction spending shrinks for first time in 11 months

July 5, 2023

Via: Construction Dive

Spending in the manufacturing sector ticked up 1% in May, and remains up more than 76% year over year. Meanwhile, office construction, which includes the booming data center sector, inched up close to 1% in May and remains up 6.7% […]


Construction Processes, Financial

Manufacturing sector props up construction spending

March 2, 2023

Via: Construction Dive

Spending in the nonresidential sector continues to outpace inflation on a year-over-year basis, said Basu. That’s because of massive spending in the manufacturing sector. Manufacturing construction spending jumped 5.9% in January, reaching $139.78 billion. Meanwhile, transportation spending increased 1.7% in […]


Construction Processes, Interaction of Expertise

Construction planning numbers leap in October despite recession fears

November 8, 2022

Via: Construction Dive

Demand for data center construction bolstered the commercial component of the momentum index over the past several months, according to Dodge. This time around, the commercial component increased 13% in October largely due to a jump in office and hotel […]


Construction Processes, Financial

NYC construction spending reaches all-time high of $86B

October 25, 2022

Via: Construction Dive

Nonresidential growth in New York City over the next three years will be driven by large investments in healthcare facilities and new offices, according to the report. Office valuations in New York City are forecasted to decline by as much […]


News

Contractors added to backlogs in September, expect higher profits

October 11, 2022

Via: Construction Dive

Backlog in heavy industrial increased sizably in September, spurred by a 21.5% year-over-year increase in manufacturing-related construction spending. The booking of new projects, plus an even more optimistic outlook on profits and hiring, defies predictions of a recession taking the […]


Construction Processes, Financial

Construction spending dips, but contractors remain optimistic

October 4, 2022

Via: Construction Dive

Nonresidential spending totaled $859.3 billion in August on a seasonally adjusted annualized basis, as private nonresidential spending ticked down 0.1%, while public nonresidential construction spending decreased 0.8%. Residential spending fell 1% over the last month, while total construction spending dipped […]


Construction Processes, Financial

Healthcare construction spending surges despite soaring expenses

August 29, 2022

Via: Construction Dive

Healthcare construction remains strong despite surging costs, with spending in the sector near all-time highs, according to a recent Federal Reserve Bank of St. Louis healthcare construction report. Examples abound: St. Louis Veterans Administration Health is planning a $1 billion […]


Construction Techniques

How the Latest Construction Technology is Giving Us Better Buildings

August 12, 2022

Via: gb&d magazine

Even in times of pandemic and uncertainty, construction continues to be big business. In 2021, new constructions in the US were valued at almost $1.6 trillion, and data shows it’s forecast to reach over $2 trillion in 2025. Construction spending […]


Construction Processes, Financial

Report: Construction workers receive $28B a year in public assistance

January 20, 2022

Via: Construction Dive

The report analyzed construction workers’ families’ reliance on programs such as adult and children’s Medicaid, the earned income tax credit, temporary assistance for needy families and the supplemental nutrition assistance program. Analyzing data from six states — Connecticut, California, Illinois, […]


Construction Processes, Financial

Construction spending falls in NYC, but outlook is positive

November 5, 2021

Via: Construction Dive

As COVID-19 continues to impact the construction industry, New York City faces an uncertain near-term economic future, according to the report. Delays in the federal infrastructure bill are also not sparking much optimism, it said. But Carlo Scissura, president and […]


Sustainability

Recent slump in commercial investments expected to reverse

November 4, 2021

Via: Construction Dive

Other factors explaining why investment in nonresidential structures dropped during seven of the past eight quarters include pandemic-induced behavior changes. In other words, the pandemic has “undermined” several commercial real estate segments, such as reduced business travel and office space […]