Groundbreak Carolinas

GroundBreak Carolinas

Your source for construction industry news in the Carolinas

Construction Spending

Global Spending in Construction to Reach $17.5 Trillion by 2030, Finds Frost & Sullivan

by Frost & Sullivan on

The construction industry is in the middle of a transition toward new business models that are technology- and data-driven, better collaboration between stakeholders, and higher productivity. The increasingly aging workforce and digitization are prompting greater investments in workforce management and digital solutions. By 2030, global spending in construction is expected to touch $17.5 trillion, with China, the US, and India leading the way and accounting for…

Nonresidential Construction Spending Falls in October, Says ABC

by Associated Builders and Contractors on

National nonresidential construction spending fell 0.7% in October but is up 1.4% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $776.5 billion, 2.3% lower than the cyclical peak attained in April…

Nonresidential Construction Spending Slows in June, Remains Elevated, Says ABC

by Associated Builders and Contractors on

National nonresidential construction spending declined 1.8% in June, totaling $773.8 billion on a seasonally adjusted annualized basis—a 2.3% increase compared to the same time a year ago, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data published today. Public nonresidential spending fell 3.7% in June, but is up 6.4% year over…

Nonresidential Spending Falls Slightly in March, But Private Construction Hits a New High, Says ABC

by Associated Builders and Contractors on

According to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today, national nonresidential construction spending declined 0.3% in March 2019. On a seasonally adjusted, annualized basis, nonresidential spending totaled $775.2 billion for the month, which represents a 4.8% increase compared to the same time last year. Private nonresidential construction spending rose 0.5%…

U.S. Economic Growth Softens in Final Quarter of 2018, Says ABC

by Associated Builders and Contractors on

This press release has been updated. It previously stated that nonresidential structures expanded at a 6.2 percent annual rate in the fourth quarter, but it was the broader nonresidential investment category that expanded at that rate. Nonresidential investment in structures declined at a 4.2 percent annual rate in the fourth quarter.  The U.S. economy grew…

AGC: Construction Employment and Spending Rise

by Associated General Contractors on

Construction employment increased by 25,000 jobs in May and by 286,000 jobs over the past year while construction spending reached $1.310 trillion in April, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that the employment and spending increases have come as federal officials have reformed…

Nonresidential Construction Flat in February, Says ABC; Public Sector Spending Plummets

by Associated Builders and Contractors on

Nonresidential construction spending inched 0.1 percent higher in February, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data released today. Nonresidential spending, which totaled $732.8 billion on a seasonally adjusted, annualized basis, has expanded 1.3 percent since February 2017. Private sector nonresidential construction spending increased 1.5 percent on a monthly…

Construction Spending Solid, International Trade Risks

by AGC on

Construction spending in January was unchanged from December and was moderately higher than in January 2017, according to an analysis of new government data by the Associated General Contractors of America. However, association officials said further gains, especially in desperately needed infrastructure investment, would be in jeopardy if the administration adopts tariffs on key construction…

Nonresidential Construction Spending Ticks Higher in November, Down Year-Over-Year, ABC Says

by ABC on

Nonresidential construction spending expanded 0.6 percent in November, totaling $719.2 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Census Bureau. Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 2016. Private nonresidential construction spending is down 3.1 percent year-over-year,…

Construction Spending Rises in October; Flat Year-Over-Year

by ABC on

Nonresidential construction spending rose 2.1 percent in October, totaling $717.6 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Census Bureau. The level of spending, however, remains virtually unchanged from a year ago. Ten of the sixteen subcategories experienced positive growth, with educational…