Overall Construction Spending Falls for Fifth Straight Month
Construction spending declined 0.3% in February to a seasonally adjusted annual rate of $1.12 billion, according to the Census Bureau. Year-to-date (YTD) spending in the first two months of 2008 was 2.6% lower than in January-February 2007. Leading the decline, residential construction fell 0.9% for the month and 20% YTD. Private non-residential spending decreased 0.1% in February, but was up 16% YTD. Public non-residential spending rose 0.5% and 6.6% YTD.
Among private residential categories, new single-family construction fell 33% YTD, compared to 27% from 2006 to 2007. New multi-family was down 20% versus 7.5% from 2006 to 2007. Yet, improvements rose 10% YTD versus 0.4% from 2006 to 2007.
Want to use this article? Click here for options!
© 2012 Penton Business Media, Inc.
Latest Articles
CFL/LED dimmer
May 24, 2012 8:48 AM
Load bank
May 23, 2012 9:33 AM
LED replacement lamp
May 22, 2012 8:12 AM
Trending Articles
Acceptable Use Policy blog comments powered by Disqus
advertisement
what's wrong here?
What's Wrong Here?
May 10, 2012 12:44 PM
View all What's Wrong Here?
What's Wrong Here
Sponsored By:
product spotlight
CFL/LED dimmer
May 24, 2012 8:48 AM
The Harmony CFL/LED dimmer is designed to operate with single-pole and 3-way circuits...
View all 2012 Product Spotlights
Free Product Info
Our Product Information site is the ultimate online resource for products and services offered by Advertisers featured in our Magazine. This service is provided as a quick and easy way to request Product Information online. Get FREE product information now.



































