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2008 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's Calendar
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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 5/1/06 For Mar 2006 | ||||||||||||
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Highlights
Construction expenditures increased 0.9 percent in March after growing 1 percent in February and now stand 8.4 percent above year ago levels. This was slightly stronger than predicted by economists. Despite moderations in housing starts, residential construction expenditures continue to post robust gains in this report, and were up 1.6 percent in March after gaining 1.3 percent in February. A good chunk of the rise was due to additions and alterations in the residential market in March. Expenditures surged 4.5 percent for the month, although they remained significantly weaker than a year ago.
Nonresidential construction spending dipped 0.1 percent in March after posting healthy gains in both January and February and are up 9.6 percent from a year ago. Office buildings and power plants posted sharp declines in March, but commercial buildings, manufacturing plants and transportation were all up sharply.
Construction spending increased 0.8 percent in February, posting the eighth consecutive monthly rise. March construction could be down based on the recent declines in housing starts.
Construction Spending Consensus Forecast for Mar 06: 0.4 percent
Range: 0.0 to 0.7 percent
![[Chart]](chart.gif)
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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. |
| 2006 Release Schedule | ||||||||||||||||||||||||||
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