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ABC Predicts Construction Sector Will Remain Strong in ’19

In their 2019 construction economic forecast, the Associated Builders and Contractors predicts that the construction sector will remain strong in 2019, however they do warn about inflationary pressures on the horizon.  They say job growth, high backlog and healthy infrastructure investment all spell good news for the industry....
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Total U.S. Construction Spending Up 5.8% from 2017

The U.S. government is reporting that total construction spending in July was estimated at $ 1,315.4 billion, which is 0.1% higher than June’s revised estimate and 5.8% higher than July, 2017.  Residential construction was at a seasonally adjusted annual rate of $ 560.1 billion in July, 0.6% higher...
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US Construction Spending Up 3% from 2016

The U.S. Department of Commerce is reporting that total construction spending in February was estimated at a seasonally adjusted annual rate of $ 1,19 trillion, which is 3% higher than February 2016.  Private residential construction was at a seasonally adjusted annual rate of $ 484.7 billion in February,...
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Total U.S. Construction Up Slightly

The U.S. Department of Commerce is reporting that construction spending during October, 2016 was estimated at a seasonally adjusted annual rate of $ 1,172 trillion which is 0.5% above September’s number and 3.4% higher than one year ago.  Total spending through October was $ 972.2 billion, 4.5% higher...
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