Construction spending on new single - family homes was up 1.5 percent on a month - to - month basis and is up 19 percent from this time last year.
[Of course, this completely ignores ongoing
net construction spend, which we'll treat as a balance sheet transaction.
That would come on top of a reduction of about two - tenths of a point due to weak
construction spending data released on Monday, they said.
Construction spending for residential homes increased 3.1 percent in April mostly due to the uptick in home remodeling, the Commerce Department noted.
Total private residential
construction spending stood at a seasonally adjusted annual rate of $ 433.2 billion in January, virtually unchanged from December's upwardly revised rate of $ 433.1 billion.
The U.S. manufacturing sector contracted further in December, as the impact of a stronger U.S. dollar undermined export profitability, while
U.S. construction spending fell for the first time in nearly 1-1/2 years in November, suggesting only moderate economic growth in the fourth quarter of 2015.
According to NAHB analysis of the latest U.S. Census Bureau
Construction Spending report, private residential spending jumped 0.5 percent in August.
Public construction spending by federal, state, and local governments actually peaked at a record high of $ 326 billion (saar) during March 2009 and has been trending down since then!
The
NAHB construction spending index, which is shown in the graph below (the base is January 2000), illustrates the strong growth in new multifamily construction from 2010 to April 2017, and a steady growth in single - family construction and home improvement spending.
The NAHB
construction spending index, which is shown in the graph below (the base is January 2000), illustrates the strong growth in new multifamily construction since 2010 and a steady growth in single - family construction and home improvement spending.
While there were some winners in the report that could be helping some of the business owners who reported that they are optimistic (non-trade business increased and equipment, software, structures and
new construction spending rose), the media has concluded what business owners have — without more jobs, we won't see increased spending.
Overseas data: Japan Nikkei PMI manufacturing April; UK Markit manufacturing PMI April; US Markit manufacturing PMI April,
Construction spending March; ISM manufacturing April
Philadelphia and Pittsburgh are among 20 finalists for a facility that the online retailer promises will bring 50,000 new jobs and
construction spending topping $ 5 billion.
The U.S. Census Bureau of the Department of Commerce announced this month that
construction spending during November 2016 was estimated at a seasonally adjusted annual rate of $ 1.18 trillion, 0.9 % higher than October's estimate and 4.1 % higher than November 2015.
When analyzing the building industry as a whole, private residential
construction spending jumped 2.8 % on a month - to - month basis during September 2012.
The fall in interest rates was pursued somewhat rapidly by a revitalization in expenditures initiated by falling interest rates, such
as construction spending and citizen consumption of resilient products.
With construction spending in the U.S. totaling $ 1.13 trillion this year, those losses add up to more than $ 160 billion in waste — and that's just in America.
With billions of dollars of
construction spend spread across a few years, along with the promise of strong jobs creation in the tune of thousands of jobs being created, the state hosting a Gigafactory - scale facility is primed for an economic boom.
But economists note China still depends on state -
led construction spending and other investment for nearly half its economic growth.
The Commerce Department
says construction spending rose 1.4 percent in August after a 1.4 percent decline in July, which had been the biggest setback in six months.
Since Bharara unveiled the criminal charges, there have several calls for reform, including the restoration of the comptroller's oversight on
SUNY construction spending.