Econoday Report: Construction Spending 3, 2006

2008 Economic Calendar
POWERED BY
Resource Center » U.S. & Intl Recaps \| Release Dates \| Why Investors Care \| Today's Calendar

Construction Spending

Definition
The dollar value of new construction activity on residential, non-residential, and public projects. Data are available in nominal and real (inflation-adjusted) dollars. Why Investors Care

Released on 1/3/06 For Nov 2005

Construction Spending, M/M change
Actual	0.2%
Consensus	0.7%
Consensus Range	0.5% to 1.2%
Previous	0.7 %

Highlights
Construction spending inched up 0.2 percent in November after posting stronger gains in the past several months. For the first time in many months, residential construction spending dipped 0.1 percent, although nonresidential spending increased 0.5 percent for the month. Among the nonresidential component, several of the categories posted declines. However, large increases were posted for commercial buildings, communication, and sewage & waste disposal. As the residential sector begins to moderate, construction expenditures may still post gains as investors move to the nonresidential sector of the economy.

Market Consensus Before Announcement
Construction spending increased 0.7 percent in October after a downward revised gain of 0.2 percent in September. As housing construction moderates, we could see some smaller gains in the next few months - unless nonresidential construction spending posts robust gains.

Construction spending Consensus Forecast for Nov 05: 0.7 percent
Range: 0.5 to 1.2 percent

Trends

Construction spending has moderated significantly over the past year despite strenth in the housing market. Residential construction is not growing as rapidly as it did even though current levels are high. Nonresidential construction has begun to improve, but gains are still modest.

Data Source: Haver Analytics

2006 Release Schedule

Released On: 1/3 2/1 3/1 4/3 5/1 6/1 7/3 8/1 9/1 10/2 11/1 12/1

Released For: Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct