Total construction starts decreased 2% in December to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential building starts grew 2%, nonbuilding starts moved 14% lower, while residential building starts grew 4%.
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Construction Spending Unchanged in November; Highways Up
According to the U.S. Census Bureau, construction spending during November 2024 was estimated at a seasonally adjusted annual rate of $2,152.6 billion, virtually unchanged from (±1.0%) the revised October estimate of $2,152.3 billion. The November figure is 3.0% (±1.5%) above the November 2023 estimate of $2,090.7 billion.
Read MoreConstruction Spending Rises in October
Construction spending during October 2024 was estimated at a seasonally adjusted annual rate of $2,174.0 billion, 0.4% (±1.2%) above the revised September estimate of $2,164.7 billion.
Read MoreUSGS: Cement Production Drops in Third Quarter
According to U.S. Geological Survey (USGS) Commodity Specialist Jason Christopher Willett, portland, including blended, cement consumption was estimated to have decreased by 7% in the third quarter of 2024 compared with that of the third quarter of 2023.
Read MoreConstruction Starts Rise 6% in August
Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Residential starts rose 5%, nonbuilding starts gained 17%, while nonresidential buildings fell 2%.
Read MoreConstruction Spending Flat in August
According to the U.S. Census Bureau, construction spending during August 2024 was estimated at a seasonally adjusted annual rate of $2,131.9 billion, 0.1% (±1.2%) below the revised July estimate of $2,133.9 billion.
Read MoreSatyam Panday of S&P Global Ratings Offers Economics Report
Satyam Panday, chief U.S. and Canada Economist, S&P Global Ratings, said in his Q4 2024 U.S. Economic Outlook, that The Fed looks set to embark on a steady series of interest-rate cuts.
Read MoreConstruction Starts Fall 19% in June
Total construction starts lost 19% in June, falling to a seasonally adjusted annual rate of $1.0 trillion, according to Dodge Construction Network. Much of the decline was due to a stark decline in utility/gas starts following a strong May that saw several megaprojects get underway. Highway and bridge starts gained 5%. During the month, nonbuilding starts fell 46% (following a…
Read MoreConstruction Spending Down in June; Up for Year
According to the U.S. Census Bureau, construction spending during June 2024 was estimated at a seasonally adjusted annual rate of $2,148.4 billion, 0.3% (±1.0%) below the revised May estimate of $2,154.8 billion. The June figure is 6.2% (±1.6%) above the June 2023 estimate of $2,023.0 billion. During the first six months of this year, construction spending amounted to $1,034.8 billion,…
Read MoreApril Cement Shipments Increase Nearly 6%
Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in April were an estimated 9.23 million metric tons (Mt), a 5.9% increase from shipments in April 2023, according to the most recent USGS Industry Survey. Shipments for the year through April totaled an estimated 30.6 Mt, a slight decrease from those for the same…
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