Under Hood of US Construction Spending Is Government Pullback
Here’s one key takeaway from the Commerce Department’s report March 1 on U.S. construction spending in January. Outlays dropped 1% from the previous month (forecast was for 0.6% rise), the biggest drop since April, which will drag on first-quarter gross domestic product.
Housing Starts Rose More Than Expected in December
Builders broke ground in December on more U.S. homes than forecast as a jump in apartment construction helped cap the seventh straight yearly increase, a report from the Commerce Department showed Jan. 19.
Home Starts Slumped in November After Outsize Advance
New-home construction in the U.S. fell more than forecast in November after surging a month earlier to a nine-year high, indicating fitful progress in residential real estate.
Housing Starts Surged to a Nine-Year High in October
U.S. new-home construction jumped to a nine-year high in October as an outsize advance in the number of apartment projects accompanied a strong pickup for single-family housing.
Construction Equipment Firm Terex Frets Over Possible Layoffs, Facility Closures
The CEO of Terex suggested Nov. 1 the company will see more layoffs, facility closures and business sales in the coming year as he works to simplify the heavy-equipment maker’s operations and position it for growth should the economy pick up steam.
Under the Hood of US Construction Are Bigger Values Than in GDP
While total construction outlays unexpectedly dropped 0.4% in September, the values of nonresidential projects and home building used to calculate gross domestic product were higher than the Commerce Department assumed in its first estimate of third-quarter growth.
Housing Starts Declined in August on Plunge in South
New U.S. home construction fell more than projected in August as a plunge in the South, the biggest region for building, more than offset gains in the rest of the country.
America’s Transportation Awards Finalists Announced
The American Association of State Highway and Transportation Officials, AAA, and the U.S. Chamber of Commerce announced the 12 finalists in the 2016 America's Transportation Awards competition Sept. 9.
Fragile Economy Now Facing a Slowdown in Building Boom
At a quarry in Bridgeport, Texas, where rock is crushed, sorted and cleaned, it’s hard to tell that the nation’s construction boom may be hitting a wall.
Construction Spending in January Exceeds Expectations
Construction outlays surged a greater-than-expected 1.5% in January after an upwardly revised 0.6% advance (prior was 0.1%) a month earlier — a combination that will help spur first-quarter gross domestic product.
March 1, 2016