Construction Spending

Bulk Transporter  Dec 6  Comment 
Overall construction spending reached a record high in October, but public-sector investments in infrastructure continued to lag earlier levels, according to an analysis of new government data by the Associated General Contractors of America. Associa
Bulk Transporter  Nov 8  Comment 
Overall construction spending increased between September 2016 and September 2017 as growing private-sector residential demand continues to offset annual declines in public-sector investments in infrastructure and other projects, according to an anal
Channel News Asia  Nov 1  Comment 
U.S. construction spending unexpectedly rose in September as a surge in public construction outlays offset the third straight monthly decline in investment in private projects.
MarketWatch  Nov 1  Comment 
Outlays on construction were stronger in September, the Commerce Department reported.
Bulk Transporter  Oct 4  Comment 
Most major construction spending categories increased from July to August but activity was mixed compared to spending levels a year earlier, according to an analysis of new government data by the Associated General Contractors of America....
Reuters  Oct 2  Comment 
Morgan Stanley economists said on Monday they increased their growth estimate on U.S. gross domestic product in the third quarter to 2.8 percent from 2.6 percent based on the latest data on construction spending and factory activity.
Reuters  Oct 2  Comment 
U.S. factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, pointing to underlying strength in the economy even as Hurricanes Harvey and Irma are expected to dent growth in the...

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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