About Amerisurv| Contact    
Magazine | Newsletter    
Flickr Photos | Advertise    
HomeNewsNewsletterAmerisurv DirectoryJobsStoreAuthorsHistoryArchivesBlogVideosEvents
Register to receive the Amerisurv Newsletter | Also See Our LiDAR News Newsletter | RSS Feed  
advertisement


Subscriptions
Sponsored By

Software Reviews
Continuing Series
     RTN
An RTN expert provides everything you need to know about network-corrected real-time GNSS observations.
Click Here to begin the series,
or view the Article PDF's Here
76-PageFlip Compilation
of the entire series
Test Yourself

Got Answers?
Test your knowledge with NCEES-level questions.
  Start HERE
Meet the Authors
Check out our fine lineup of writers. Each an expert in his or her field.
Wow Factor
Sponsored By


Product Reviews
Partner Sites

machinecontrolonline 


lbszone.com

GISuser.com

GeoJobs.biz

GeoLearn

 

Spatial Media LLC properties

Associates

ASPRS

newsnow 

  The American Surveyor     

Nonresidential Construction Spending Points Lower in September Print E-mail
Written by Associated Builders and Contractors   
Monday, 01 November 2010

"Looking at the bigger picture, today’s data suggests that overall nonresidential construction spending is poised to remain quite flat in the months ahead." —ABC Chief Economist Anirban Basu.

While total construction spending edged up in September, private nonresidential construction slipped 1.6 percent, according to the November 1 report by the U.S. Census Bureau. On a year-over-year basis, private nonresidential construction spending is down 24.6 percent. Meanwhile, total nonresidential construction spending – which includes both privately and publicly financed projects – was flat for the month and is down 12.4 percent from September 2009, and now stands at $559.6 billion on a seasonally adjusted annual rate.

Construction subsectors posting the largest monthly decreases were lodging, down 7.8 percent; manufacturing, 3.5 percent lower; and conservation and development-related construction, down 3.1 percent. Those subsectors suffering the biggest losses from the same time last year include lodging, down 53 percent; manufacturing, down 35.5 percent; and office construction, 24.5 percent lower.

In contrast, nine of sixteen nonresidential construction subsectors posted spending increases from the previous month led by transportation, up 4.1 percent; health care, 1.8 percent higher; office, up 1.6 percent; and amusement and recreation-related construction, up 1.6 percent. Five subsectors are up, compared to the same time last year, including conservation and development, up 25.5 percent; sewage and waste disposal, 13.9 percent higher; and water supply construction, up 7.7 percent.

Public nonresidential construction spending, which represents 55.3 percent of total nonresidential construction, was up 1.3 percent for the month and up 0.7 percent year-over-year. Residential construction spending was up 1.8 percent for the month, but is down 5.3 percent compared to September 2009. Total construction spending was up 0.5 percent in September compared to August, but down 10.4 percent compared to the same time last year.

Analysis
“Though the media will likely focus upon the fact that total construction spending was up in September for the first time in three months, there is relatively little to celebrate in the most recent construction spending report,” said Associated Builders and Contractors Chief Economist Anirban Basu. “For example, total nonresidential construction spending last September totaled $639 billion on an annualized basis. In contrast, the total this September is $560 billion, a decline exceeding 12 percent. In addition, nonresidential construction volumes were virtually unchanged from August, and remained lower than they were during the early summer.

“Still, there was some positive movement. Construction spending on office space rose in September, perhaps because the lending environment is thawing a bit and new owners of buildings are seeking to re-tenant their purchases and to put their imprint on their properties,” said Basu.

“Construction related to education was also up, a good sign since the fear has been that education-related spending would continue to fall in the wake of still distressed state and local government budgets,” Basu said.

“However, there are also indications that publicly-financed spending related to the stimulus package passed in February 2009 is beginning to wane. For example, spending on construction related to water supply is no longer rising rapidly, and spending in the highway and street category declined in September. Looking at the bigger picture, today’s data suggests that overall nonresidential construction spending is poised to remain quite flat in the months ahead,” said Basu.

To view the previous spending report, click HERE.

 
< Prev   Next >

deliciousrssnewsletterlinkedinfacebooktwitter

Amerisurv Exclusive Online-only Article ticker
Featured Amerisurv Events
List Your Event Here
please
contact Amerisurv


Google
 
AMERISURV TOP NEWS

Javad Intros
Total Solution

GOT NEWS? Send To
press [at] amerisurv.com
Online Internet Content

Sponsor


News Feeds

 
Subscribe to Amerisurv news & updates via RSS or get our Feedburn
xml feed

Need Help? See this RSS Tutorial

Historic Maps
Careers

post a job
Reach our audience of Professional land surveyors and Geo-Technology professionals with your GeoJobs career ad. Feel free to contact us if you need additional information.

 

Social Bookmarks

Amerisurv on Facebook 

Amerisurv LinkedIn Group 

Amerisurv Flickr Photos 

Amerisurv videos on YouTube 

twitter

 




The American Surveyor © All rights reserved / Privacy Statement
Spatial Media LLC
7820B Wormans Mill Road, #236
Frederick MD 21701
301-620-0784
301-695-1538 - fax