Items include
construction spending
Economic Indicators
Jul 3, 2023
Bottom Line: Construction spending rose more than expected in May, and there were positive revisions to prior data. While these data are lagged and prone to revision, the trend improved notably late in the 1st Quarter and into the 2nd....
Jun 1, 2023
Bottom Line: Construction spending rose more than expected in April, and there were positive revisions to prior data. While these data are lagged and prone to revision, the trends were improving late in the 1st Quarter and into the 2nd....
May 1, 2023
Bottom Line: Construction spending rose more than expected in March, but there were negative revisions to prior data, and trends remained firmly lower. While these data are lagged and prone to revision, the trends remain clear. Residential spending showed no...
Apr 3, 2023
Bottom Line: Construction spending, lagged and prone to significant revisions, was revised higher for December and January but fell in February. The trend in residential construction has continued to the downside, but the pace of declines has slowed. Nonresidential construction...
Mar 1, 2023
Bottom Line: Construction spending, lagged and prone to significant revisions, helps pin down the impact of residential investment on quarterly growth -- and the first quarter started on a dour note. Residential construction spending fell 0.55% in the first month...
Feb 1, 2023
Bottom Line: Construction spending fell in the final month of 2022, coming in below expectations for flat activity. While there were positive revisions to prior data, they weren't enough to make up for the headline miss. Residential construction continued to...
Jan 3, 2023
Bottom Line: The New Year's U.S. economic data releases started with one of the more lagged and revised series, construction spending -- but the report offered encouraging signs, at least for 4th Quarter growth. Residential spending declined again and remained...
Nov 1, 2022
Bottom Line: Construction spending unexpectedly rose in September, and there were positive revisions to data from earlier in the quarter. A sharp increase in construction related to manufacturing industries drove the gains. Despite the cyclical slowdown in manufacturing, industries invested...
Oct 3, 2022
Bottom Line: Construction spending fell again in August and was revised even lower for July as residential spending slowed sharply. There were positive revisions to the June data, mostly due to stronger non-residential construction, as already reflected in GDP reports. ...
Sep 1, 2022
Bottom Line: Construction spending fell again in July, led by declines in residential projects after a historic move higher in mortgage rates. Nonresidential construction finally started to recover this year and was accelerating modestly by July but remained well below...
Aug 1, 2022
Bottom Line: Construction spending fell sharply, countering expectations for slight gains in June. Residential construction, which has been the sole driver of construction gains since the pandemic, fell for the first time since 2020. The sharp increase in mortgage rates...
May 2, 2022
Bottom Line: Construction spending rose less than expected in March, finishing a quarter of sharply rising interest rates with continued modest gains. Always lagged and prone to heavy revisions, these data confirm strong construction activity in late '21 and into...