Durability + Design
 
About  |  Subscribe  |  Advertise  |  Connect 
Follow us on Twitter Like us on Facebook

 

D+D News

Main News Page


Construction Spending Edges up in June, but Remains Below 2009 Levels

Tuesday, August 3, 2010

Comment | More

Construction spending edged up 0.1% in June, as the federal government’s economic stimulus program offset continued weakness in building activity.

But the seasonally adjusted annual rate of construction spending of $836 billion remained 7.9% below the level reported for June 2009, the Commerce Department reported. Spending in May fell a revised 1% from April, and was 8% below the total reported for May 2009.

For the first half of the year, construction spending totaled $389.6 billion, 11.2% below the total of $438.7 billion for the first half of 2009, the Commerce Department said.

Total residential construction spending was 15.2% below the annual rate reported for June 2009, while nonresidential construction was 15.2% lower.
 
Spending on public construction, which includes fiscal stimulus infrastructure projects, rose 1.5% to a seasonally-adjusted annual rate of $308.4 billion. Power and utilities construction, part of the public-construction category, surged 25.2%; health care building-related construction rose 5.4%; public office construction increased 3.1%; and highway construction rose 0.1%.

Compared to June 2009, total public construction spending in June declined an estimated 4.1%, although public residential spending rose 31.4%. Public nonresidential spending fell 5.0% from the rate reported for June 2009.

Private construction fared less well, slipping 0.6% in June to a seasonally adjusted annual rate of $527.6 billion from May’s estimate of $530.9 billion. Residential construction declined 0.8%, to a seasonally adjusted annual rate of $358.3 billion, while nonresidential construction dipped 0.5%, to an annual rate of $269.3 billion.

Compared to June 2009, private-construction spending was off 10%, with private residential construction spending falling 11.8% and nonresidential spending dropping 24.1%.

Total construction spending in June edged up slightly in several building categories compared to May, but remained well below June 2009 levels for most categories. Compared to May, spending rose 5.7% for the power category, 7.6% for conservation and development, 3.5% for sewage and waste disposal, 2.3% for public safety, and 2.7% for religious, with smaller increases or minor spending declines reported for other categories.

Compared to June 2009, spending rose only for the transportation category (13%), highway and street (1.7%), sewage and waste disposal (9.1%), and conservation and development (32.6%). For other categories, spending was lower by anywhere from 1.3% for water supply to 57.7% for lodging. Spending remained well below June 2009 levels for office (-30.5%), commercial (-24.9%), health care (-12.7%), educational (-22.2%), public safety (-14.9%), amusement and recreation (-15.4%), communication (-10.3%), and manufacturing (-32.9%).

   

Tagged categories: Construction; Economic stimulus; Economy

Comment Join the Conversation:

Sign in to our community to add your comments.

Pratt & Lambert Paints
THE PREMIUM STANDARD FOR PROFESSIONAL PAINTERS

Pro-Hide® Gold Ultra is the ideal paint for your customers and your business. It delivers a beautiful finish, outstanding hide, easy application and excellent touch-up. And now pros can bid on even more jobs, because Pro-Hide Gold Ultra is MPI® Approved for interior gloss levels 1-5.


Graco Inc.
Eco-Friendly Surface Prep

• Blast with 92% less dust
• Use less media
• Less containment & disposal costs
Graco® EcoQuip® Vapor Abrasive® Blast Equipment Learn more


Keim Mineral Coatings
Mineral-Art® Artist Paints
+ Web Store

Colors and mineral paints that will last for generations. Secure your artistic legacy today with Keim Mineral-Art™ base coats, artist paints and pigments.


Atlas Material Testing Technology

Helping You Put Your Products To The Test

• Outdoor Accelerated
Weathering
• Laboratory Testing
Services
• Accelerated Weathering
Instruments

www.atlas-mts.com atlas.info@ametek.com


PPG Pittsburgh Paints
Wonder-Pure

Our professional-quality, zero-VOC* paint provides outstanding durability, ease of application, and good hide and coverage. Its low odor allows painters and maintenance professionals to paint in occupied spaces with little disruption. Its anti-microbial properties resist mold and mildew stains on the paint film.


KTA-Tator, Inc. - Corporate Office
KTA Inspection Services

Determine Specification Compliance:
• Surface Preparation
• Moisture Content
• Paint Materials & Application
• Aesthetics
Contact: Kevin Brown,
336-386-4000

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 

© Copyright 2012-2016, Technology Publishing Co., All rights reserved