Construction Forecast From Reed Construction Data – 4/23/14

Here’s what RCD said in this recent emission:

Total construction spending is forecast to increase 10.1% in 2014 and 11.5% in 2015, with nonresidential and heavy engineering construction strengthening and residential construction continuing its recovery.

However, the headline on the item in which this appeared was: “Construction Spending Continues to Struggle in February.”

Also included:

The U.S. Census Bureau reported that total construction spending rose 0.1% in February to $945.7 billion at a seasonally adjusted annual rate (SAAR). Year-to-date not seasonally adjusted (NSA) spending was up 8.9% from the same period a year ago.

Nonresidential building construction slipped 0.3% to $308.1 billion (SAAR) in February. January spending was revised up by $4.8 billion, 1.6% of the previously reported number. That was enough to revise the monthly percentage change for January from -1.0% to +0.1%. The revision also helped lift year-to-date NSA spending by 5.7% over the same period a year ago.

Source: http://electricalcontractor.com/?p=13919

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