Contacts
 



AK           AL                                                                  AR                            AZ                                                                                                                                               CA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              CO                                                                                                             CT                                            DC   DE                  FL                                                                                                                                                                                                                                       GA                                                                                                                    HI           IA                                     ID                                             IL                                      IlIL                                                                                            IN                                                                              KS                                                  KY                                                    LA                                         MA                                                                                MD                                                                             ME                          MI                                                                                                                                            MN                                                                                                MO                                                      MS                             MT                               NC                                                                                                                                                                                                ND                   NE                                                                             NH                      NJ                                                                                           NM                           NS  NV                                     NY                                                                                          OH                                                                                                                                                   OK                                                                     OR                                                                                                                                PA                                                                                                                                                            RI                   SC                                                                                         SD                TN                                                                                                     TX                                                                                                                                                                                                                                                                                                                                             UT                                               VA                                                                            VT           WA                                                                                                                           WI                                                               WV                  WY             











ABC Analyzes Latest Construction Report

Year-Over-Year Spending Surging in Office and Lodging


image

Certain nonresidential construction segments are experiencing tremendous growth of 20 percent or more on a year-over-year basis, the Associated Builders
and Contractors said.


Certain nonresidential building segments are "red hot," including office and lodging, both of which are up more than 20 percent in spending growth over the past 12 months, according to the chief economist of the Associated Builders and Contractors.

On a year-over-year basis, office has climbed 24.8 percent, while lodging has gone up 20.9 percent. Education has advanced 13.0 percent; commercial is up 6.8 percent; and amusement and recreation has expanded by 5.9 percent.

Nonresidential construction spending dropped seasonally in October, but has increased on a year-over-year basis, the ABC found after analyzing the U.S. Census Bureau's latest construction report.

The largest monthly losses: communication, -12.3%; sewage and waste disposal, -12.2%; public safety, -12.0%; water supply, -10.8%; and transportation, -8.9%.

Total spending for the month was $699.7 billion on a seasonally adjusted annual basis, a 0.3 percent decrease from September, but an increase of 2.6 percent compared to October 2015.

On another positive note, the 2017-18 nonresidential spending outlook has improved over the last several weeks, Basu said, in large part because of President-elect Donald Trump's long-term infrastructure investment proposed policies.










Comment Form is loading comments...


June 22, 2017, 11:54 pm PDT

Website problems, report a bug.
Copyright © 2017 Landscape Communications Inc.
We Support
LO financially supports many asssociations through either the payment of dues, conference exhibits and/or discounted advertising
    

Last Updated 06-19-17