Total Construction. Construction spending during June 2018 was estimated at a seasonally adjusted annual rate of $1,317.2 billion, 1.1 percent (1.0 percent) below the revised May estimate of $1,332.2 billion. The June figure is 6.1 percent (1.6 percent) above the June 2017 estimate of $1,241.3 billion.
Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor’s profits. Data collection and estimation activities begin on the first day after the reference month and continue for about three weeks.
Spending on U.S. construction projects ticked up a mere 0.1% in February from the prior month, a sign that a growing economy is doing little to spur a more rapid pace for building homes, hospitals.
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The National Association of Home Builders (NAHB) found that private residential construction spending was $520.9 billion in August. This is higher than initial July estimates and is 11.7 percent more than spending this time last year. This is the fourth consecutive month of spending increases after a slight dip in April.
Spending on U.S. construction projects fell in June by the largest amount. The government will release the July jobs report on Friday and many economists think it will show the jobless rate.
LONDON (Reuters) – British retail sales unexpectedly edged up in July. solid growth in household spending. Thursday’s data suggested consumers continued to take Brexit in their stride, helped by.
Construction spending is projected to grow through 2019, according to a new. Nonresidential construction spending slips in July 2019, but still surpasses $776 .
WASHINGTON (AP) – US construction spending ticked up just 0.1% in July, helped by schools and sewers.
Spending. Total of All construction spending is forecast to increase 6.0% to $1.321 trillion in 2018 and 1.5% to $1.341 trillion in 2019 and 6.3% to $1.426 trillion in 2020. Construction spending is strongly influenced by the pattern of continuing or ending cash flows from the previous two to three years of construction starts.
Nonresidential construction spending expanded strongly in July, growing 2.5 percent on a monthly basis and rising a robust 8.6 percent on a year-over-year basis according to a Sept. 2 release from the U.S. Census Bureau. Spending for the month totaled $617.8 billion on a seasonally adjusted, annualized basis.
Congressional punt leaves tax breaks for loan mods in limbo Infrastructure projects worth billions hang in limbo as Congress debates tax reform bill dec 13th 2017 | Posted in Mary Scott Nabers’ Insights by Mary Scott Nabers Senators worked until past midnight in early December to pass their version of a federal tax reform bill.