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Construction News
Construction.com: Latest Headlines
McGraw-Hill Construction connects people, projects and products across the design and construction industry. From project and product information to industry news, trends and forecasts, we provide industry players the tools and resources that help them save time, money, and energy.
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Reed Construction Data:News : US
  • Construction Spending Down 0.6% in January
    Total construction spending dropped 0.6% in January. This is the net of the still slowly declining trend in overall construction spending, a second month of unseasonably bad construction weather and the usual monthly flip-flop in residential remodeling spending, this time a large increase. Currently the underlying declining trend is likely less than 0.6%/month, probably 0.3-0.5%/month. Later data revisions may restore this trend to the reported data for the last few months, says Reed Construction Data chief economist Jim Haughey.
  • Heavy Construction Spending Declined 0.5% in January
    The 0.5% January partially reverses a small gain in December. Heavy construction spending is now 3.2% below the stimulus boosted September level. As expected, the stimulus plan is not enough to offset the growing weakness in state and local government financial positions and the refusal of Congress to find a permanent source of funds for the federal highway program, says Reed Construction Data chief economist Jim Haughey.
  • Nonresidential Building Construction Drops 22% Since October 2008
    The monthly drop in January from December was 2.1%. Spending for every type of project declined except for a marginal increase for amusement and recreation. The largest declines were 11% for hotels and 5% for manufacturing. This pattern is consistent with a negative weather impact which is also seen in the 75,000 construction layoffs in January, says Reed Construction Data chief economist Jim Haughey.
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