Construction Spending

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
MarketWatch  Feb 1  Comment 
Construction spending rises for fifth consecutive month
MarketWatch  Feb 1  Comment 
The Commerce Department reported a 0.7% gain in construction spending in December, and a 2.6% advance over the last 12 months. That’s the fifth monthly gain in a row and a record high.
Channel News Asia  Jan 3  Comment 
U.S. construction spending increased more than expected in November, hitting a record high, driven by a surge in investment in private residential and nonresidential projects.
MarketWatch  Jan 3  Comment 
Spending on construction was higher than expected in November, and for the year to date stood 4.2% higher than in the same period a year earlier.
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

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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