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Construction Spending

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Public Spending On Construction Hits Its Lowest Levels Since 2001
Clusterstock  May 2  Comment 
Here's a pretty remarkable chart showing the decline of public spending on construction (roads, bridges, public housing, sewage systems, etc.). It shows total construction spending adjusted for inflation (we used the CPI). It's fallen to its...
Construction Activity Dips on Lower Government Spending
Benzinga  May 1  Comment 
Lower construction on public projects, such as roads and schools, contributed to a drop in construction activity in March. The U.S. Census Bureau of the Department of Commerce reported that construction spending during March 2013 was estimated at...
Here's A Positive Spin On Today's Terrible Construction Spending Report
Clusterstock  May 1  Comment 
Today's March construction spending report was a big disappointment, unexpectedly falling 1.7% from February to $856 billion. Economists were looking for a 0.6% gain. However, not all economists see it as a total disaster. "The construction...
US construction spending rate hits seven-month low
The Straits Times  May 1  Comment 
May 01, 2013 10:15 PM WASHINGTON (REUTERS) - US construction spending dropped to a seven-month low in March, as public outlays recorded their largest drop since 2006, which could cause the first-quarter economic growth estimate to be...
March construction spending tumbles 1.7%
MarketWatch  May 1  Comment 
March construction spending tumbles 1.7%
Construction spending slumps 1.7% in March
MarketWatch  May 1  Comment 
HUGE MISS: CONSTRUCTION SPENDING UNEXPECTEDLY FELL
Clusterstock  May 1  Comment 
The March reading of U.S. construction spending is out, and it's a big disappointment. Spending fell 1.7% month-over-month. Economists were looking for 0.6% month-over-month gain. It's worth noting February's growth rate was revised up to...
March Construction Spending -1.7% vs 0.6%
StreetInsider.com  May 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/March+Construction+Spending+-1.7%25+vs+0.6%25/8293705.html for the full story.
Coming up: ISM survey, construction spending
MarketWatch  May 1  Comment 
The Institute for Supply Management's survey of U.S. manufacturing conditions is expected to decline slightly in April but remain in expansionary territory, according to economists surveyed by MarketWatch. The federal government's report on...
Markets Going Nowhere In Quiet Start To Huge Day
Clusterstock  May 1  Comment 
Most of Europe is closed for May Day today, so things are really quiet. But it's going to be a huge day, as tons of economic data is coming out. In the US there's the ADP jobs report, Construction Spending, ISM Manufacturing, Car Sales, and a...




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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 
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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