Construction spending in November was held down by a 0.8 % drop
in nonresidential construction.
Not exact matches
Private
nonresidential construction spending was 2.5 % lower than a year ago, driven by the declines
in spending on power and manufacturing.
Private
nonresidential construction fell by 0.4 %
in March.
Adding to the 0.4 % decline
in in nonresidential private
construction, private residential
construction fell significantly by 3.5 %
in the month, the largest decline since April 2009.
«(ii)
in the case of
nonresidential construction, complies with the components of the green building rating systems and levels identified by the Secretary pursuant to paragraph (4)(C), but only to the extent such compliance exceeds the minimum level required under such systems and levels; and».
Those working
in areas of
nonresidential building and utility system
construction tend to earn the highest annual mean salaries.
Office
construction starts are still far off from pre-recession levels of the mid-2000s, but
nonresidential development is posting a comeback and some of the strongest numbers
in at least four years, the CoStar Group reports.
While overall U.S. employment growth lost steam with a disappointing 98,000 jobs added
in March,
nonresidential construction remains a bright spot.
U.S. Commerce Department figures show that
nonresidential construction added 13,300 jobs
in March, offsetting the loss of 7,600 jobs lost
in the residential sector as a key indicator of new
construction projects entering the development pipeline advanced for the sixth straight month.
«The recent acceleration
in economic activity sets the stage for a much better 2014, both for the broader economy and the
nonresidential construction industry,» says Anirban Basu, Associated Builders and Contractors chief economist.
Private
nonresidential construction spending fell for a second consecutive month
in May.
While it is true that weakness
in construction employment is due
in part to
nonresidential construction, other Bureau of Labor Statistics data indicate that home builders have not added many jobs
in 2012.
Private
nonresidential construction spending was also down 1.5 %, the first decline
in 2016.
Current state law allows municipalities to adopt a zoning law permitting multifamily housing
construction in nonresidential zoning districts with a special permit but does not require municipalities to permit multifamily development by right.
According to American Institute of Architects, despite labor shortages and rising material costs that continue to impact the
construction sector,
construction spending for
nonresidential buildings
in the U.S. is projected to increase 4 % this year and continue at that pace of growth through 2019.
Ongoing rebuilding efforts continued to boost both residential and
nonresidential specialty trade contractors (+10,700 and +11,900, respectively), while the
construction of buildings subsector added another 8,600 jobs
in November.
Nonresidential construction was at a seasonally adjusted annual rate of $ 429.9 billion
in November, 0.9 % above October's estimate of $ 426.2 billion.
On the other hand,
nonresidential construction increased slightly by 0.4 percent for the month, with the increase mostly attributed to a rise
in spending on health care, schools, and power plants.