Nonresidential construction spending fell 1.7 percent in July, totaling $688.4 billion on a seasonally adjusted, annualized basis, according to an analysis by Associated Builders and Contractors (ABC) of data released by the U.S. Census Bureau.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2017.
Nonresidential construction spending fell 1.7 percent in April 2017, totaling $696.3 billion on a seasonally adjusted, annualized basis.
National construction employment remained largely unchanged for the second consecutive month, adding 5,000 net new jobs on a seasonally adjusted basis in April.
The Harman Group announced that One Riverside, a $90 million, 82-unit residential condominium complex in Philadelphia, celebrated its grand opening milestone on May 2.
Nonresidential construction spending contracted during January, according to analysis of U.S. Census Bureau data by Associated Builders and Contractors.
Nonresidential construction spending slipped 0.7 percent in the final month of 2016, but increased 4.6 percent over the previous year, according to analysis of U.S. Census Bureau data by Associated Builders and Contractors (ABC).
The improved performance of the U.S. economy during last year’s third quarter gave way to a weaker period of growth in the fourth, according to analysis of U.S. Bureau of Economic Analysis data by Associated Builders and Contractors (ABC).
The Pennsylvania Housing Research Center, housed in the Department of Civil and Environmental Engineering at Penn State, is set to host two concurrent conferences Feb. 28 through March 1, 2018, at the Penn Stater Conference Center Hotel: the fourth Residential Building Design & Construction Conference (RBDC) and the 26th Annual Housing & Land Development Conference (H&LD).