Q4 2024 Construction Spending Update (February 1 Data Release): Nonresidential construction spending was flat for Q4 2024, while residential spending rebounded from a relatively slow summer. Note: The 2024 residential summer slowdown was far less severe than 2023. Now that…
Q3 2024 Construction Spending Update (November 1 Data Release): While overall construction showed slow declines over the first half of the year, this trend reversed in Q3 with slight increases across both Residential and Nonresidential segments. Residential construction increased 0.5%…
May 2024 Construction Spending Updates: Overall Construction Put in Place was down 0.2% from January to March and up 9.6% over the last year. After several years of growth, nonresidential construction declined 0.2% over the last quarter. It is still…
August 2023 Construction Spending Updates: Overall Construction Put in Place was up 0.5% in June 2023 and up 3.5% over the last year. In April, the annual growth number was 7.2%. In general, it appears the growth rate is leveling…
June 2023 Construction Spending Updates: Overall Construction Put in Place was up 1.2% in April 2023 and up 7.2% over the last year. This is an improvement over the 0.3%/3.8% numbers from last month. Nonresidential monthly growth from March to…
May 2023 Construction Spending Updates: Overall Construction Put in Place was up 0.3% in March 2023 and up 3.8% over the last year. Nonresidential monthly growth from February to March (0.7%) was up from the 0.4% growth seen between January…
Earlier this year, Nate Scott, Principal of Continuum Advisory Group, began compiling a monthly US Construction Spending Summary to share with our clients. In this episode, Kelcey Henderson reviews the latest data release with Nate and gets answers to a…
2018 is off to a busy start for our team at Continuum Advisory Group. We are working with several firms in the Architecture, Engineering and Construction space to build their strategic business development plans for the next five years. With the US economy is in the midst of its third longest expansion in history, currently at 103 months dating to June 2009, there are lots of opportunities in the building and construction market to consider. It should be noted that broad based growth in construction put in place lagged general economic growth with total spending not increasing until 2012.
These are sage words of wisdom, especially when one considers this advice within the context of the U.S. construction industry. Capital asset owners — large American corporations and government agencies who spend roughly one trillion per year to construct pipelines,…