• Twitter
  • Facebook
  • Instagram
  • Linkedin
  • RSS
  • Sign In
  • My Account
High-Profile MonthlyNew England Facilities Development News
  • All News
      • Up Front
      • Groundbreaking
      • Topping Off
      • Ribbon Cutting
      • View All Up Front Stories
        • Robert L. MarrMarr Companies’ Robert L. Marr Dies at 86
      • Special Features
      • Contributor
      • Green
      • J.E.D.I.
      • Mechanical / Electrical / Plumbing (MEP)
      • Vision
      • Women In Construction
      • Regions
      • Connecticut
      • Northern New England
      • Popular Sectors
      • Cannabis
      • Corporate
      • Education
      • Healthcare
      • Interiors
      • Landscape/Civil
      • Life Science
      • Multi Residential
      • Restoration/Renovation
      • Retail/Hospitality
      • Senior/Assisted Living
      • Technology & Innovation
      • Other News
      • Awards
      • Community
      • COVID-19
      • Mixed-use
      • Municipal
      • National/International
      • Organizations and Events
      • People
      • Philanthropy
      • Products and Services
      • Real Estate
      • Training and Recruitment
  • Subscribe
  • Membership
  • Next Issue
  • Archive
  • Advertise
  • Podcast
  • Events
    • Industry Events
    • A/E/C Associations
High-Profile Monthly
  • All News
      • Up Front
      • Groundbreaking
      • Topping Off
      • Ribbon Cutting
      • View All Up Front Stories
        • Robert L. MarrMarr Companies’ Robert L. Marr Dies at 86
      • Special Features
      • Contributor
      • Green
      • J.E.D.I.
      • Mechanical / Electrical / Plumbing (MEP)
      • Vision
      • Women In Construction
      • Regions
      • Connecticut
      • Northern New England
      • Popular Sectors
      • Cannabis
      • Corporate
      • Education
      • Healthcare
      • Interiors
      • Landscape/Civil
      • Life Science
      • Multi Residential
      • Restoration/Renovation
      • Retail/Hospitality
      • Senior/Assisted Living
      • Technology & Innovation
      • Other News
      • Awards
      • Community
      • COVID-19
      • Mixed-use
      • Municipal
      • National/International
      • Organizations and Events
      • People
      • Philanthropy
      • Products and Services
      • Real Estate
      • Training and Recruitment
  • Subscribe
  • Membership
  • Next Issue
  • Archive
  • Advertise
  • Podcast
  • Events
    • Industry Events
    • A/E/C Associations
Contributor • Trends and Hot Topics

AGC: Construction Spending Declines Year-to-Date

October 2, 2019

National – Construction spending edged up 0.1% in August from July but declined from year-ago levels, with divergent trends in residential and nonresidential categories, according to an analysis by the Associated General Contractors of America of new federal spending data.

Association officials said that many contractors in its recent survey report that staffing challenges are causing projects to take longer than expected, which may be holding down spending. They urged government officials to boost funding for career and technical education and pass comprehensive immigration reform to ease the shortage of construction workers that is slowing projects.

Construction spending totaled $1.287 trillion at a seasonally adjusted annual rate in August, a gain of 0.1& from the July rate but 1.9% less than the August 2018 rate, according to estimates the U.S. Census Bureau. Year-to-date spending for January-August combined fell 2.3% from the year-ago total.

Public construction spending increased 0.4% for the month and 4.6% year-to-date. Among the three largest public categories, spending in the first eight months of 2019 climbed 10.8% compared to the same period in 2018 for highway and street construction spending, 0.9% for educational construction and 9.3% for transportation (airports, transit, rail and port) projects.

Private nonresidential spending decreased 1% from July to August and 0.1% year-to-date. Major private nonresidential segments experienced mixed year-to-date results. The largest—power construction (comprising electric power generation, transmission and distribution, plus oil and gas fields and pipelines)—climbed 6.2% year-to-date. Commercial (retail, warehouse and farm) construction plummeted 14.9%. Manufacturing construction posted a 3.7% gain. Private office construction spending rose 7.7%.

Private residential construction spending increased 0.9% for the month but slid 5% year-to-date. Single-family homebuilding rose 1.4% from July to August but decreased 8.4% year-to-date, while spending on multifamily projects was down 0.9% for the month but up 6.5% year-to-date. Spending on residential improvements increased 0.8% for the month but declined 6.4% year-to-date.

Association officials warned that project delays may worsen, noting that nearly three-fourths of the respondents to its survey expect it will be as hard or harder to hire hourly craft workers in the next 12 months, while 29% of firms are putting longer completion times into their bids or contracts to offset worker shortages. They urged government officials to act promptly to increase the supply of workers.

construction constructionnews constructionspending qualifiedworkers
    FacebookTwitterLinkedInEmail

You may also like

Contributor • Featured

Construction and Engineering...

August 11, 2022
Multi Residential • Up Front

ReyCon to Begin Work on Multi...

August 11, 2022
People

ReyCon Welcomes Shook

August 11, 2022
Featured • Industrial • Topping Off • Up Front

PROCON Celebrates Rand-Whitney...

August 10, 2022
Training and Recruitment

ReArch Awards Scholarship to WSD...

August 9, 2022
People

Construction Firm Hires COO

August 9, 2022
People

Brook Named Director of...

August 8, 2022
Featured • Mixed-use • Restoration/Renovation

Loan Secured for Renovation of...

August 5, 2022

View the August 2022 issue!

Read HP’s 2022 MEP issue!

Read the WIC 2022 Supplement!

Check out the 2021 Annual Green Supplement!

Read our annual supplements!

  • Green2021.png
  • WIC2022.png
  • MEP2022.png
  • Vision-2019.png

HIGH-PROFILE MONTHLY
615 School St.
Pembroke, MA  02359
Phone: 781 294 4530
Fax:  781 293 5821
info@high-profile.com

Quick Links

  • About Us
  • Contact Us
  • Subscribe
  • Advertise
  • My Account

Stay Informed

Sign up for Fast Facts Friday, our weekly e-newsletter, and stay up-to-date with the latest industry news!

Sign up
Subscribe to High-Profile Monthly to receive an email notice of each new article!
Loading

Copyright © 2022 High-Profile Monthly.

  • Twitter
  • Facebook
  • Instagram
  • Linkedin
  • RSS
  • Sign In
  • My Account