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Ken Simonson's blog

AGC Data DIGest: May 25-June 3, 2021

Year-to-date construction spending diverges; Beige Book cites shortages, delivery delays, price hikes
Pending moderation

Construction spending in April increased 0.2% from an upwardly revised March rate and 9.8% from April 2020 to a seasonally adjusted annual rate of $1.52 trillion, the Census Bureau reported on Tuesday. Because project shutdowns depressed spending in March and April 2020, it is more useful to compare year-to-date figures for January-April combined in 2020 and 2021 than April rates alone. [node:read-more:link]


AGC Data DIGest: April 27-May 4, 2021

Construction spending, GDP reports show residential boom, nonresidential decline, steep rise in costs

Solely due to soaring residential activity, construction spending in March increased 0.2% from a downwardly revised February rate and 5.3% from March 2020 to a seasonally adjusted annual rate of $1.51 trillion, the Census Bureau < [node:read-more:link]