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Construction spending shows growth, AGC economist says: materials prices, availability remain a...

"The Census Bureau report on construction spending shows the industry hitting on all cylinders with strong, balanced growth," said Ken Simonson, chief economist for The Associated General Contractors of America (AGC). Simonson was reacting to a Census Bureau report that construction spending in February was at a record seasonally adjusted annual rate of $1.19 trillion, up 0.8 percent from January and 7.4 percent from February 2005.

"Not only was the overall total up strongly from a year ago, but all major segments showed similar growth," Simonson commented. "For the fi

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  • U.S. Construction Outlook
    • Since February 2005, construction spending has expanded at nearly double the pace of the rest of the economy. Although the U.S. Census Bureau reports that the dollar value of spending is essentially unchanged, construction materials prices have declined nearly 3 percent since peaking in February. The surge in construction spending ......
  • Surge in nonresidential construction spending offsets a slowdown in single-family home building
    • NONRESIDENTIAL CONSTRUCTION ACCELERATES AS HOUSING HITS THE BRAKES, AGC ECONOMIST SAYS Simonson Predicts Continued Strength for Nonresidential Despite High Materials Costs ...
  • Construction spending flat.
    • Non-residential construction spending rose across the country, but not enough to compensate for the continued downturn in residential construction spending. Commenting on monthly U.S. Census figures, the Associated General Contractors of America noted that residential construction spending dropped another 1.1 percent in September, bringing the total decline in spending for ......
  • Construction boom produces more big winners.
    • The Associated General Contractors of America's Chief Economist Ken Simonson is encouraged to see that construction continued expanding in March, as the value of construction put in place hit a seasonally adjusted annual rate of $1.05 trillion. He noted that it was the 14th straight monthly record, according to today's ......
  • Overall, the market remains flat
    • HEADNOTE construction Like many sectors of the U.S. economy, the construction industry enjoyed heady times in the late '90s. And thanks to a steady new housing market, it hasn't been as badly hurt as other industries in today's hard times. But overall, construction remains fairly flat. At first glance, U.S....
  • Overall, the market remains flat.
    • Like many sectors of the U.S. economy, the construction industry enjoyed heady times in the late '90s. And thanks to a steady new housing market, it hasn't been as badly hurt as other industries in today's hard times. But overall, construction remains fairly flat. At first glance, U.S. Census Bureau ......
  • Positive First Quarter
    • The Associated General Contractors of America's (AGC's) Chief Economist Ken Simonson is encouraged to see that construction continued expanding in March, as the value of construction put in place hit a seasonally adjusted annual rate of $1.05 trillion, the 14th straight monthly record. "For the first quarter of 2005 as ......

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    • We have the basics down: knowledge, customer service, a working business, and a client base. I feel like we are on the edge of huge success.
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