More Articles for Commerce Department

Highway and street construction spending up slightly in October

Wayne Grayson - Dec 02, 2014

Highway and street construction spending up slightly in October

U.S. construction spending rose 1.1 percent during the month of October due mainly to increases in homebuilding and government nonresidential projects. According to preliminary estimates from the Commerce Department, October construction spending was at a seasonally adjusted annual rate of $971 billion. The new ...

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Highway construction spending down for second straight month

Brian Ethridge - Nov 04, 2014

Highway construction spending down for second straight month

U.S. construction spending dropped for the second straight month in September, this time by .4 percent. In August construction spending dropped .5 percent. The September decline pushed construction spending down to $950.9 billion at a seasonally adjusted annual rate. The good ...

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Highway construction spending down in August

Wayne Grayson - Oct 04, 2014

Highway construction spending down in August

U.S. construction spending saw its second dip of the year in August, falling 0.8 percent. Spending was at a seasonally adjusted annual rate of $961 billion in August, according to preliminary estimates in a report from the Commerce Department. In addition to ...

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Nonresidential projects push construction spending to largest monthly gain in more than 2 years in July

Wayne Grayson - Sep 03, 2014

Nonresidential projects push construction spending to largest monthly gain in more than 2 years in July

After seeing its first drop in one year during June, construction spending in the U.S. fully recovered and then some in July, with its largest monthly gain in more than two years. Construction spending rose 1.8 percent to a seasonally adjusted ...

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Bloomberg report: Construction spending rises for second straight month

Tina Grady Barbaccia - Jun 02, 2011

Construction spending in the U.S. rose in April for a second straight month as home-improvement expenditures increased along with construction of schools and power plants, Bloomberg reports. The news agency says that the 0.4-percent gain followed a revised 0.1 percent ...

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Construction spending down to $846.2 billion, lowest in 7 years

Tina Grady Barbaccia - Apr 05, 2010

Construction spending in the U.S. fell in February to the lowest level in more than seven years, according to an April 1 Bloomberg report. The report noted that the 1.3 percent decrease to $846.2 billion, the lowest since November 2002, followed a revised 1.4 ...

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