Sentences with phrase «nonresidential construction»
"Nonresidential construction" refers to the process of building structures or facilities that are not used for housing purposes. It involves constructing buildings meant for commercial, industrial, institutional, or public use, such as offices, stores, schools, hospitals, and government buildings. Full definition
Private nonresidential construction spending fell for a third consecutive month in June, down by 1.3 %.
eyeonhousing.org
Private nonresidential construction spending increased 2.1 % to a seasonally adjusted annual rate of $ 432 billion.
Spending on private nonresidential construction increased 1.1 % in December after climbing 0.3 % in the prior month.
Private nonresidential construction fell by 0.4 % in March.
While overall U.S. employment growth lost steam with a disappointing 98,000 jobs added in March, nonresidential construction remains a bright spot with impressive.
Meanwhile nonresidential construction spending declined 0.4 % after two consecutive monthly increases.
Construction spending in November was held down by a 0.8 % drop in nonresidential construction.
Nonresidential construction activity continued to experience slight improvement.
«We can expect nonresidential construction spending to expand during the first half of the year.»
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.
He noted that U.S. nonresidential construction fell 3 percent in February 2002 from the month before and was down 17 percent compared to February 2001.
While overall U.S. employment growth lost steam with a disappointing 98,000 jobs added in March, nonresidential construction remains a bright spot.
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.
Private nonresidential construction spending fell for a second consecutive month in May.
Private nonresidential construction spending increased 0.5 % to a rate of $ 434 billion.
Private nonresidential construction spending was 2.5 % lower than a year ago, driven by the declines in spending on power and manufacturing.
«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.
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.
Meanwhile the nonresidential construction spending slipped 1.4 % after a huge increase in January.
Private nonresidential construction spending was also down 1.5 %, the first decline in 2016.
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.