LATEST NEWS Roadbuilding
February 3, 2006
U.S. construction spending on the rise
U.S. construction spending climbed to an all-time high in December, helping to push building for all of 2005 to a record as well.
The Commerce Department reported spending rose by one per cent in December as private construction and government spending on building activities set records for the year.
Spending to construct homes, offices, highways and other building projects totalled a record $1.12 trillion US, up 8.9 per cent from the previous record of $1.028 trillion spent in 2004.
The report said private residential construction rose one per cent in December to an all-time high of $648.9B.
Private non-residential construction was up 1.3 per cent with building of offices, hotels and shopping centres all showing gains. Total private construction, which covers residential and nonresidential structures, rose by 1.1 per cent to a seasonally adjusted annual rate of $904.3 billion in December, also a record.
Total public construction was up 0.7 per cent to a record $256.3 billion with spending on federal and state and local projects both setting all-time highs.
Federal building projects rose by 6.7 per cent to $19.5 billion; state and local construction spending rose by 0.2 per cent to $236.8 billion.
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 371 projects with a total value of $1,936,826,394 that Reed Construction Data Building Reports reported on Thursday.
$134,000,000 Toronto ON Prebid
$128,250,000 North York ON Prebid
$100,000,000 Toronto ON Prebid
- VIDEO: Debate still strong as OCOT turns one
- Upset waters over new Ontario diving regulations
- Covering up the Celsius
- Frontier Oilsands Mine joint review panel raises concerns among some First Nations
- Doors open on latest PPP Canada funding
- U.S. builders’ confidence rises but is limited by tight credit and shortages of labour and lots
- Keystone XL opponents carve message
- RFP released to shortlisted teams for Milton hospital expansion
- Photo Gallery: 2014 ACEC BC Awards of Excellence winners
- Journal of Commerce Preview for the week of April 21st, 2014
- Fort McMurray airport terminal getting ready for take off
- B.C. government forms liquefied natural gas working group
- Kitimat residents vote against Northern Gateway pipeline
- Precast concrete enables net-zero homes
- Learning to dig safely can save lives
- Ex construction boss admits to collusion in government contracts
- P3 Fund launches
- Supreme court won't hear case involving construction mogul
- Minister spurns spat over plant