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Construction Spending |
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Construction Spending An economic indicator that measures the amount of spending towards new construction. Released monthly by the U.S. Department of Commerce's Census Bureau, it looks at residential and non-residential construction in the private sector, and state and federal at the public level. Notes: This measure has a minimal effect on the markets but is used to help predict upcoming GDP numbers as construction investment is a factor in GDP calculations. |
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| After the years 2004 and 2005 playing witness to mid to high teen residential spending, as an overall number for private and public construction spending, it is expected that 2006 will finish with only a low single digit increase in construction spending and that 2007 estimated number will see a further contraction of construction dollars being allocated to this sector in the single digit range when compared to the entire 2006 year. 6 percent decrease in residential construction spending in November and a 1. In the first 10 months of 2006, overall construction spending was flat compared to 2005, although there were ups and downs among the three sectors. |
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Construction Spending
