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Construction spending inches up

Total construction spending increased 2.7 percent nationwide during April. At the same time, spending was revised up from 0.2 percent to 0.9 percent for March. Reed Construction Data Chief Economist Jim Haughey called the news “the strongest construction spending report in many years.” The April spending gain was much larger than suggested by April’s 24,000… Continue Reading Construction spending inches up

Construction material prices appear to be entering another period of double digit inflation, similar to what occurred during 2004 and 2008. The Bureau of Labor Statistics price index jumped 1.3 percent during March and is rising at a 10 percent-plus pace for the first three months of 2010. The same materials that caused the two… Continue Reading Building costs pushed up by soaring materials costs

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The value of nonresidential construction starts – a barometer used by construction industry analysts to measure its economic health – climbed 6.3 percent in January 2010 from December, and 20 percent from January 2009, Reed Construction Data reported this month. “January starts increased 10 percent for nonresidential buildings from December, but only 2 percent for… Continue Reading Report mixed about January construction starts

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