PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Construction Spending Edges up in June, but Remains Below 2009 Levels

Tuesday, August 3, 2010

Comment | More

Construction spending edged up 0.1% in June, as the federal government’s economic stimulus program offset continued weakness in building activity.

But the seasonally adjusted annual rate of construction spending of $836 billion remained 7.9% below the level reported for June 2009, the Commerce Department reported. Spending in May fell a revised 1% from April, and was 8% below the total reported for May 2009.

For the first half of the year, construction spending totaled $389.6 billion, 11.2% below the total of $438.7 billion for the first half of 2009, the Commerce Department said.

Total residential construction spending was 15.2% below the annual rate reported for June 2009, while nonresidential construction was 15.2% lower.
 
Spending on public construction, which includes fiscal stimulus infrastructure projects, rose 1.5% to a seasonally-adjusted annual rate of $308.4 billion. Power and utilities construction, part of the public-construction category, surged 25.2%; health care building-related construction rose 5.4%; public office construction increased 3.1%; and highway construction rose 0.1%.

Compared to June 2009, total public construction spending in June declined an estimated 4.1%, although public residential spending rose 31.4%. Public nonresidential spending fell 5.0% from the rate reported for June 2009.

Private construction fared less well, slipping 0.6% in June to a seasonally adjusted annual rate of $527.6 billion from May’s estimate of $530.9 billion. Residential construction declined 0.8%, to a seasonally adjusted annual rate of $358.3 billion, while nonresidential construction dipped 0.5%, to an annual rate of $269.3 billion.

Compared to June 2009, private-construction spending was off 10%, with private residential construction spending falling 11.8% and nonresidential spending dropping 24.1%.

Total construction spending in June edged up slightly in several building categories compared to May, but remained well below June 2009 levels for most categories. Compared to May, spending rose 5.7% for the power category, 7.6% for conservation and development, 3.5% for sewage and waste disposal, 2.3% for public safety, and 2.7% for religious, with smaller increases or minor spending declines reported for other categories.

Compared to June 2009, spending rose only for the transportation category (13%), highway and street (1.7%), sewage and waste disposal (9.1%), and conservation and development (32.6%). For other categories, spending was lower by anywhere from 1.3% for water supply to 57.7% for lodging. Spending remained well below June 2009 levels for office (-30.5%), commercial (-24.9%), health care (-12.7%), educational (-22.2%), public safety (-14.9%), amusement and recreation (-15.4%), communication (-10.3%), and manufacturing (-32.9%).

   

Tagged categories: Construction; Economic stimulus; Economy

Comment Join the Conversation:

Sign in to our community to add your comments.

LS Industries
LS Blasters: Optimum Steel Cleaning Efficiency

Simplify surface prep with the precise shot control of LS Blasters. Our blast technology delivers optimum coverage and finish. 800-533-8008


CS Unitec
Surface Prep & Material Removal

CS Unitec’s Floor Planers remove coatings & corrosion from concrete & metal surfaces. Produce keyed profiles for waterproofing applications. info@csunitec.com


DRYCO
Environmental Controls
Equipment & Service

Temporary climate control equipment. Dehumidifiers,
Heaters, A/C, Power, More…
Toll Free: 866-379-2600


Absolute Equipment/Grand Rental Station
Portable Power from Absolute Equipment

•Compressors
•Lighting Systems
•Generators
•Light Compaction
Sales • Rental • Service
Call 1-866-931-6655
Over a century of
providing excellence.


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Blastox/The TDJ Group, Inc.
Blastox - One Step
Lead Abatement

Don't waste $$ on added labor steps with other methods. Don't mix, meter or apply at the job-site. Avoid strict hazardous waste rules.
Let your painters paint!


DeFelsko Corporation
PosiTector Dew Point Meter

Measures and records
environmental conditions
during surface prep and
painting. 4 Models
Available – Standard
or Advanced features,
Built-in or Separate probe.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com