ECM Buyers' Guide
  

Stimulus Helps Construction Spending Post Small Gain in June

Total construction spending eked out a slight rise in June as gains in stimulus-aided public categories offset decreases in homebuilding and private nonresidential spending, according to the Associated General Contractors of America in a recent analysis of new Census Bureau data.

“Stimulus dollars are supporting construction jobs, but the pain is continuing for most contractors and their workers who depend on private projects or school construction,” said Ken Simonson, the association’s chief economist.

Simonson noted that total construction spending inched up 0.1% in June at a seasonally adjusted annual rate, buoyed by a 1.5% increase in public construction, which offset declines of 0.8% in private residential and 0.5% in private nonresidential spending.

“Every private category was negative, most deeply so, compared to June 2009,” Simonson observed. “But there were encouraging gains for the month in private hospital and power construction, both of which should be growth markets over the next several quarters.”

Among public categories, Simonson said that highway and wastewater construction each rose for the fourth consecutive month; other public transportation facilities (transit, rail and airports) jumped 20% from a year earlier; and public housing soared 31% compared to June 2009.

Simonson pointed out that, in contrast, public primary and secondary school construction, which has been battered by falling property tax receipts and lower in-migration to formerly fast-growing school districts, shrank 27% in the past year.

Source: The Associated General Contractors of America


Want to use this article? Click here for options!





Acceptable Use Policy
blog comments powered by Disqus

what's wrong here?

What's Wrong Here?

Feb 2, 2012 7:54 PM

What's Wrong Here?

Jan 19, 2012 4:06 PM

What's Wrong Here?

Jan 5, 2012 11:53 AM

View all What's Wrong Here?

product spotlight

Labeling tool

Feb 10, 2012 7:58 AM

Labeling tool

The Rhino 4200 labeling tool features one-touch “hot keys” that quickly create and format wire/cable wraps, flags, fixed-length labels and more...

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.

Recent Comments

More...


Social Media

More ways to stay informed...

follow us on twitter

Find us on Facebook

EC&M TV

Arlington CP9000

Arlington's new 9" diameter ceiling cover plate is the neatest way to cover unused "high hat" cans. With no tools needed, installation couldn't be faster!...

Arlington Gangable Boxes

Designed for new or retrofit applications, these snap-together gangable plastic boxes eliminate the need to construct a multiple-gang steel box out of several individual ones...

Understanding NEC Requirements for Solar Photovoltaic Systems
During this session, Mike Holt will address possible conflicts or confusing NEC requirements, provide tips on proper electrical installation techniques, and discuss the dangers related to improper installations. View this On Demand Webinar!



resources

product info icon

product info

tradeshow icon

tradeshow

research icon

research

industry links

industry links

rss icon

rss

Browse Back Issues

Browse Back Issues