Construction spending rose at an annualized rate of $852billion during September, a nearly three year high as spending on houses, apartments and private nonresidential projects offset declining public construction, according to an Associated General Contractors of America. Association officials said they expect both the public and private sectors will continue to show growth despite Hurricane […]

Construction spending declined between July and August to an annualized rate of $837 billion, but increased compared to August 2011, according to an analysis of federal data released today by the Associated General Contractors of America (AGC). According to the report, total construction spending declined 0.6 percent for the month of August, when compared with […]

Residential construction will increase throughout this year and 2013 according to two experts who provided forecasts for the overall industry during a webinar, “The Outlook for Materials, Equipment & Labor Costs,” held this week. Kathryn Thompson, co-founder and senior research analyst of the Thompson Research Group (TRG) and Ken Simonson, chief economist at the Associated […]