Construction Spending

Bulk Transporter  Jul 3  Comment 
Construction spending reached a record level of $1.309 trillion in May as monthly increases in residential and public investment outweighed a decline in private nonresidential outlays, according to an analysis of new government data by the Associated
Bulk Transporter  Apr 4  Comment 
Construction spending in February inched up 0.1% from January and increased 3.0% from the February 2017 level, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that public c
Bulk Transporter  Mar 7  Comment 
Construction spending in January was unchanged from December and was moderately higher than in January 2017, according to an analysis of new government data by the Associated General Contractors of America. However, association officials said further
MarketWatch  Mar 1  Comment 
Correction: U.S. construction spending remains strong in January
Bulk Transporter  Feb 6  Comment 
Construction spending increased for a fifth consecutive month in December 2017 as private residential and nonresidential investment for the year topped 2016 totals, while declining infrastructure spending dragged down public-sector outlays, according

Construction spending is a measure of new construction in the economy. It reports the month-over-month and year-over-year changes in total construction spending by both the private and public sector.

In the U.S. it is a monthly statistics released by the Department of Commerce and is broken down by residential construction, non-residential construction and public expenditure (government). Historically, the number has been volatile on a month to month basis to have an impact on the markets. However, data from several months is often used to identify trends in the sector.

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In 2009, the negative growth of overall construction outlays is primarily attributable to a decline in residential outlays. Nonresidential and public outlays remain positive. [1]

Why is it important?

Construction spending is affected by interest rates, business cash flow and even federal fiscal policy. Therefore, trends in construction spending has a direct bearing on stocks, bonds and commodities. Construction spending data helps investors to determine how stocks of home builders and large-scale construction contractors will do. Commodity prices like lumber are also sensitive to housing industry trends.

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