News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Associated General Contractors of America / January 2, 2013
Spending Levels Held Back by Public Sector Declines, Association Officials Urge Congress and Administration to Work Together to Boost Economy, Pass Vital Infrastructure Measures
Total construction spending increased between October and November and for the year amid growing private-sector demand, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials noted, however, that the spending levels were held back by declining public sector investments for both the month and the year.
“The nonresidential constructionRead More
AGC of America / December 17, 2013
The producer price index (PPI) for finished goods fell 0.5%, not seasonally adjusted (-0.1%, seasonally adjusted), in November and edged up just 0.7% over 12 months, the Bureau of Labor Statistics (BLS) reported December 13. The PPI for inputs to construction—a weighted average of the cost of all materials used in construction plus items consumed by contractors such as diesel fuel—also dropped 0.5% for the month and rose 1.1% year-over-year. The PPIs for inputs to different types of construction all declined for the month and increased only slightly year-over-year: residential, -0.3%Read More
AGC of America / December 2, 2013
An unusual surge in public construction in October pushed total construction spending to its highest level since May 2009 despite a dip in both private residential and nonresidential activity, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials urged lawmakers in Washington to make water and surface transportation investment a top federal priority.
“Nearly every category of public construction increased in October, according to the preliminary Census figures, although for the first 10 months of 2013 combined,Read More
John Crosby / HW.com / October 22, 2013
The U.S. Department of Commerce reported today that construction spending hit a near 4-1/2 year high in August, boosted by increases in both private and public outlays, a hopeful sign for third-quarter economic growth.
Construction spending increased 0.6 percent to an annual rate of $915.1 billion, the highest level since April 2009.
Private residential construction spending jumped 1.2 percent to a five-year high, showing little sign that high interest rates were slowing activity. Part of the increase in residential construction spending reflected home improvement projects. PrivateRead More
Associated General Contractors of America / October 2013
In a mid-September report, Ken Simonson, Chief Economist for Associated General Contractors of America, cites several factors for what appears to be a mixed bag of indicators for growth in the overall construction market. Three trends are helping many sectors and regions:
- ‘Shale gale’
- Panama Canal expansion
- Residential revival
Three additional trends are holding down construction growth:
- Government spends less on schools, infrastructure
- Consumers switch from stores to online buying
- Employers shrink office space per employee
In particular,Read More