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Construction Spending

RECENT NEWS
Dartmouth Cuts Jobs, Yale Slows Building to Narrow Budget Gaps
Bloomberg  Feb 8  Comment 
Dartmouth College is raising tuition and fees, requiring some students to take loans and eliminating jobs while Yale University will cut construction spending as U.S. universities feel the effects of endowment declines.
US: Construction Spending Fell Well Below Expectations
FX Street  Feb 1  Comment 
Total construction spending fell 1.2 percent in December, with significant downward revisions to... For more information, read our latest forex news and reports.
US construction spending falls beyond expectations
FX Street  Feb 1  Comment 
US Dec Construction Spending decreases 1.2%
FX Street  Feb 1  Comment 
FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news and reports.
Economic Report: Construction outlays fall 1.2% in December
MarketWatch  Feb 1  Comment 
Spending on U.S. construction projects fell at a seasonally adjusted rate of 1.2% in December, the fifth decline in the past six months and the lowest rate since August 2003, the Commerce Department estimates.
U.S. construction outlays sink 1.2% in December
MarketWatch  Feb 1  Comment 
Egypt's Palm Hills to raise $129 mln in rights issue
Reuters  Jan 14  Comment 
Egypt's Palm Hills Development will raise 700 million Egyptian pounds in a rights issue as it speeds up construction spending in 2010, the property developer said in a statement on Thursday.
US: Construction Spending Posted Another Decline in November
FX Street  Jan 13  Comment 
Total construction spending fell 0.6 percent in November with downward revisions to October. The... For more information, read our latest forex news and reports.
(AMM) Construction spending still weak in November
Metal Bulletin  Jan 5  Comment 
Construction spending in November was estimated at a seasonally adjusted annual rate of $900.1 billion, 0.6 percent below the revised October total of $905.6 billion and 13.2 percent below the November 2008 figure of almost $1.04 trillion,...
Experts Talk Construction Spending, ISM, 'Bond Vigilantes'
BusinessWeek  Jan 4  Comment 
What Wall Street economists and strategists had to say about key developments on Jan. 4
US manufacturing activity strongest since 2006
Financial Times  Jan 4  Comment 
US manufacturing activity climbed to the highest level in more than three years last month, as a surge in new orders continued to fuel factory output
Divergent Views on Signs of Life in the Economy
New York Times  Jan 4  Comment 
This period might be called the Great Ambiguity — a time of debate over the clarity of economic indicators and the staying power of apparent gains.



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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.

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