Construction spending Archives

Nonresidential construction spending drops in April

construction worker
by in AZRE Magazine | Construction

Nonresidential construction spending fell 2.1 percent in April according to analysis of  U.S. Census Bureau data released Wednesday by Associated Builders and Contractors (ABC). Nonresidential spending totaled $688.2 billion on a seasonally adjusted, annualized rate. Much like last month, the sting of a disappointing headline number was mitigated by upward revisions to the previous two months… Read More →

Construction Spending Slips As Residential Market Pauses; Private Nonresidential, Public Spending Decline

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  Total construction spending cooled in June as residential building hit the pause button, while private nonresidential and public construction also declined, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials urged lawmakers in Washington to make infrastructure investment a top federal priority for the fiscal… Read More →

Construction Spending Rebounds in February With Private, Public Gains

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  Construction spending rebounded in February with gains from depressed January levels in residential, private non-residential and public investment, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials cautioned that the rise in public investment was likely to be short-lived and urged policy makers in Washington… Read More →

Construction Spending Slips in November, But Rises From A Year Ago

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  Construction spending dipped from October to November, but resolution of the uncertainty regarding federal taxes for 2013 should unleash more private construction investment, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials warned, however, that unresolved issues about federal construction spending, including storm relief… Read More →

Construction Spending Hits 3-Year High in September

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  Construction spending in September climbed to a nearly three-year high at an annualized rate of $852 billion, as increased spending on houses, apartments and private nonresidential projects outweighed a continuing downturn in public construction, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials said… Read More →

Construction Spending Reaches Highest Level Since December 2009

Construction spending in June rose to a 2-1/2 year high as double-digit percentage increases in private residential and nonresidential construction more than offset an ongoing downturn in public construction, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials said they expect the disparity between private… Read More →

Arizona Ranked No. 5 In Commercial Real Estate Development In 2011

Arizona Commercial Real Estate Development
by in Business News

Arizona was ranked No. 5 in 2011 in direct spending in all three phases of development across all categories of commercial real estate, according to a report issued last week by NAIOP. Arizona’s development accounts for $4.2B in spending and 74,117 jobs supported, up from No. 14 last year. Arizona’s development contributed heavily to 2011 being the first… Read More →