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The darkness on the edge of town.(credit column)
There's no skirting around the issue: the construction industry is battling through some lean times. Compared to the boom seen in the real estate markets a few years ago, the current climate is nearing depressing. Foreclosures are rampant, new projects are being curtailed and for the eleventh time in a year, as well as the third straight month, construction spending declined in May.
According to the U.S. Department of Commerce's U.S. Census Bureau report for May, for the first five months of 2008, construction spending totaled $416.6 billion, 5.1% below the total for the same period last year. Residential construction spending has been hard hit, dipping to $378.9 ...
- June Construction Spending Flat - Analyst Blog
- Newspaper article from: Zacks Investment Research - Analyst Blog Dirk van Dijk, CFA August 3, 2009 700+ words
June Construction Spending Flat - Analyst Blog According to the Census Bureau, total construction spending edged up to a seasonally adjusted...a year ago. However, private construction spending fell 0.1% for the month. Public...
- Construction Spending Up Slightly - Analyst Blog
- Newspaper article from: Zacks Investment Research - Analyst Blog Dirk van Dijk, CFA October 1, 2009 700+ words
Construction Spending Up Slightly - Analyst Blog...eight months of the year, construction spending has totaled $629.5 billion...first eight months of 2008. Construction spending is a major component of investment...
- Still marching along; As construction spending slides, stimulus money fuels...
- Magazine article from: Modern Healthcare Galloro, Vince May 25, 2009 700+ words
...last time healthcare construction spending stagnated, providers...three years of flat construction spending, according to one...however, healthcare construction spending has grown each year...
- Construction spending jumps 1.2 percent.
- News wire article from: United Press International February 3, 2003 700+ words
...Commerce Department said Monday total construction spending rose for the fourth consecutive...economists on Wall Street were expecting construction spending, which accounts for almost 5 percent...2002. But, for the full year, construction spending rose only 0.4 percent, the weakest...
- Construction Spending: A Slight Dip for the Year.
- Newspaper article from: Kiplinger Business Forecasts August 23, 2002 700+ words
...pace of the recovery, overall construction spending will dip in the months ahead...somewhat brighter. While residential construction spending-buoyed by low interest rates...small annual increase in overall construction spending seemed likely until just a couple...
- Construction spending rises 0.3 percent.
- News wire article from: United Press International January 3, 2003 700+ words
...Department reported Friday that total construction spending rose for the third consecutive...Economists on Wall Street were expecting construction spending, which accounts for almost 5 percent...reported as improving 0.3 percent. Construction spending is the dollar value of new ...
- Construction Spending Virtually Flat in October.(News in Brief)
- Magazine article from: The Bond Buyer December 2, 2009 700+ words
...Patrick Temple-West Construction spending inched higher in October...September revision means that construction spending has now been unchanged or has declined since April. Construction spending fell 14.4% from a year...
- News In Brief.(July 1999 construction spending; economic indicators; strength...
- Magazine article from: The Bond Buyer Koning, Rachel Siegel, Gary E. September 2, 1999 700+ words
Construction Spending Declined 0.5% in July WASHINGTON...pushing overall U.S. July construction spending lower, government figures...to the Commerce Department, construction spending that month declined 0.5...
Source: HighBeam Research, The darkness on the edge of town.(credit column)