Construction Spending Rises Slowly


In the U.S. Department of Commerce’s press release detailing construction spending, it appears construction is slowly creeping upwards after a precipitous drop off following the recession.  The May 2012 estimate of annual construction spending pegged the seasonally adjusted rate at $830.0 billion, up 0.9% from April’s estimate.  At its peak in early 2006, the rate topped off at just over $1.2 trillion, and today’s level is similar to that of a decade ago.  Additionally, the total construction spending of $310.4 billion during the first 5 months of the year is 9.4% greater than the $283.8 billion spent for the same period in 2011.  With that said, there exists a discrepancy between private and public spending on construction.  Private construction spending is up 13.1% from 2011, while spending in the public sector has fallen 3.9%. 
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8 comments :

  1. With that said, there exists a discrepancy between private and public spending on construction. Private construction spending is up 13.1% from 2011, while spending in the public sector has fallen plumbing covina

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  2. Construction industries has raised from the past few years and also it will goes raising further without any doubt as per the Market Studies.

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  3. This news will put a lot of smile in all of our construction workers in the US. This is a blessing in disguise for them. I hope this will continue until the very end so that they will have earnings for their family especially we have an economic crisis. Thanks for sharing! bobcat colombia

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