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  • Fri, February 14, 2020 12:56 PM | Anonymous member (Administrator)

    The first quarter of 2020 showed an increase in both the CIRT Sentiment Index and Design Index. The CIRT Sentiment Index grew from 57.6 in the fourth quarter of 2019 to 63.6 in the first quarter of 2020. Higher index scores suggest broadened optimism across participating firms going into 2020. This quarter’s current issues questions polled CIRT membership on a variety of key internal metrics, including backlogs, firm capacity and hiring goals. The survey also captured open responses on challenges facing each company in 2020.

    Read the full report here.


  • Mon, February 03, 2020 9:51 AM | Anonymous member (Administrator)

    The U.S. Census Bureau announced the following value put in place construction statistics for December 2019: Construction spending during December 2019 was estimated at a seasonally adjusted annual rate of $1,327.7 billion, 0.2 percent below the “revised” November estimate of $1,329.9 billion. The December figure is 5.0 percent above the December 2018 estimate of $1,264.8 billion. The value of construction in 2019 was $1,303.5 billion, 0.3 percent below the $1,307.2 billion spent in 2018.  For the year, “public” construction spending actually finished over seven percent higher than in 2018; at the same time nonresidential came in at virtually the same level, while residential finished almost five percent lower.

    PRIVATE CONSTRUCTION
    :
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $991.2 billion, 0.1 percent below the revised November estimate of $992.2 billion. Residential construction was at a seasonally adjusted annual rate of $540.7 billion in December, 1.4 percent  above the revised November estimate of $533.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $450.5 billion in December, 1.8 percent below the revised November estimate of $458.9 billion. The value of private construction in 2019 was $974.7 billion, 2.5 percent below the $1,000.2 billion spent in 2018. Residential construction in 2019 was $514.3 billion, 4.7 percent below the 2018 figure of $539.6 billion and nonresidential construction was $460.4 billion, virtually unchanged from $460.5 billion in 2018.

    PUBLIC CONSTRUCTION:
    In December, the estimated seasonally adjusted annual rate of public construction spending was $336.4 billion, 0.4 percent below the revised November estimate of $337.7 billion. Educational construction was at a seasonally adjusted annual rate of $80.4 billion, 2.1 percent below the revised November estimate of $82.1 billion. Highway construction was at a seasonally adjusted annual rate of $99.9 billion, 3.1 percent above the revised November estimate of $96.9 billion. The value of public construction in 2019 was $328.8 billion, 7.1 percent above the $307.1 billion spent in 2018. Educational construction in 2019 was $79.0 billion, 3.4 percent above the 2018 figure of $76.4 billion and highway construction was $98.8 billion, 8.8 percent above the $90.8 billion in 2018.

    READ MORE HERE....


  • Fri, January 03, 2020 12:02 PM | Anonymous member (Administrator)

    Construction spending during November 2019 was estimated at a seasonally adjusted annual rate of $1,324.1 billion, 0.6 percent above the heavily upward revised October estimate of $1,316.8 billion. The November figure is 4.1 percent above the November 2018 estimate of $1,271.4 billion. Virtually all of the growth in the November figures can be accounted for by the expansion in residential spending. During the first eleven months of this year, construction spending amounted to $1,201.6 billion, is only 0.8 percent below the $1,211.8 billion for the same period in 2018. 

    PRIVATE CONSTRUCTION:
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $985.5 billion, 0.4 percent above the revised October estimate of $981.1 billion. Residential construction was at a seasonally adjusted annual rate of $536.1 billion in November, 1.9 percent  above the revised October estimate of $526.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $449.4 billion in November, 1.2 percent below the revised October estimate of $454.7 billion.

    PUBLIC CONSTRUCTION
    :
    Public Construction In November, the estimated seasonally adjusted annual rate of public construction spending was $338.6 billion, 0.9 percent above the revised October estimate of $335.7 billion. Educational construction was at a seasonally adjusted annual rate of $83.9 billion, virtually unchanged from the revised October estimate of $84.0 billion. Highway construction was at a seasonally adjusted annual rate of $96.4 billion, 2.2 percent above the revised October estimate of $94.3 billion.

    Read more here:


  • Wed, December 04, 2019 1:33 PM | Anonymous member (Administrator)

    Construction spending during October 2019 was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8 percent below the revised September estimate of $1,301.8 billion. Most of the slowdown in October occurred in the private sector markets vs. the public sector where the start of the federal government’s new fiscal year buoyed the numbers. However, the 2019 October figure is 1.1 percent above the October 2018 estimate of $1,277.4 billion.  During the first ten months of this year, construction spending amounted to $1,086.5 billion, 1.7 percent below the $1,105.2 billion for the same period in 2018. 

    PRIVATE CONSTRUCTION:
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $956.3 billion, 1.0 percent below the revised September estimate of $966.1 billion. Residential construction was at a seasonally adjusted annual rate of $508.2 billion in October, 0.9 percent  below the revised September estimate of $512.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $448.1 billion in October, 1.2 percent below the revised September estimate of $453.5 billion.

    PUBLIC CONSTRUCTION:
    Public Construction In October, the estimated seasonally adjusted annual rate of public construction spending was $334.8 billion, 0.2 percent below the revised September estimate of $335.6 billion. Educational construction was at a seasonally adjusted annual rate of $83.3 billion, 2.5 percent above the revised September estimate of $81.3 billion. Highway construction was at a seasonally adjusted annual rate of $95.0 billion, 2.2 percent below the revised September estimate of $97.1 billion.

    See more here.

  • Fri, November 01, 2019 10:04 AM | Anonymous member (Administrator)

    Construction spending during September 2019 was estimated at a seasonally adjusted annual rate of $1,293.6 billion, 0.5 percent above the revised August estimate of $1,287.1 billion. However, the September figure is 2.0 percent below the September 2018 estimate of $1,319.7 billion. During the first nine months of this year, construction spending amounted to $968.7 billion, 2.2 percent below the $990.2 billion for the same period in 2018.

    PRIVATE CONSTRUCTION: Private Construction Spending on private construction was at a seasonally adjusted annual rate of $961.7 billion, 0.2 percent above the revised August estimate of $959.9 billion. Residential construction was at a seasonally adjusted annual rate of $511.4 billion in September, 0.6 percent above the revised August estimate of $508.4 billion. Nonresidential construction was at a seasonally adjusted annual rate of $450.3 billion in September, 0.3 percent below the revised August estimate of $451.4 billion.

    PUBLIC CONSTRUCTION: Public Construction In September, the estimated seasonally adjusted annual rate of public construction spending was $331.9 billion, 1.5 percent above the revised August estimate of $327.2 billion. Educational construction was at a seasonally adjusted annual rate of $78.9 billion, 3.1 percent above the revised August estimate of $76.5 billion. Highway construction was at a seasonally adjusted annual rate of $98.0 billion, 2.6 percent above the revised August estimate of $95.5 billion.

    READ MORE HERE




  • Tue, October 01, 2019 3:56 PM | Anonymous member (Administrator)

    Total Construction spending during August 2019 was estimated at a seasonally adjusted annual rate of $1,287.3 billion, 0.1 percent above the revised July estimate of $1,285.6 billion. The August figure is 1.9 percent below the August 2018 estimate of $1,312.2 billion. In August, nonresidential private sector spending slipped one percent (or down $4.2 billion) accounting for nearly all the negative news. During the first eight months of this year, construction spending amounted to $851.3 billion, 2.3 percent below the $871.3 billion for the same period in 2018. 

    PRIVATE CONSTRUCTION:
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $955.0 billion, nearly the same as the revised July estimate of $954.8 billion. Residential construction was at a seasonally adjusted annual rate of $507.2 billion in August, 0.9 percent above the revised July estimate of $502.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $447.9 billion in August, 1.0 percent below the revised July estimate of $452.3 billion.

    PUBLIC CONSTRUCTION:
    Public Construction In August, the estimated seasonally adjusted annual rate of public construction spending was $332.3 billion, 0.4 percent above the revised July estimate of $330.8 billion. Educational construction was at a seasonally adjusted annual rate of $77.0 billion, 1.4 percent above the revised July estimate of $75.9 billion. Highway construction was at a seasonally adjusted annual rate of $98.9 billion, 0.6 percent above the revised July estimate of $98.3 billion.

    Read more here.



  • Fri, September 06, 2019 11:54 AM | Anonymous member (Administrator)

    Construction spending during July 2019 was estimated at a seasonally adjusted annual rate of $1,288.8 billion, 0.1 percent above the revised June estimate of $1,288.1 billion. The July figure is  2.7 percent below the July 2018 estimate of $1,324.8 billion. During the first seven months of this year, construction spending amounted to $733.8 billion, 2.1 percent below the $749.9 billion for the same period in 2018. 

    PRIVATE CONSTRUCTION:
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $963.1 billion, 0.1 percent below the revised June estimate of $963.7 billion. Residential construction was at a seasonally adjusted annual rate of $506.7 billion in July, 0.6 percent above the revised June estimate of $503.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $456.4 billion in July, 0.8 percent below the revised June estimate of $460.2 billion.

    PUBLIC CONSTRUCTION:
    Public Construction In July, the estimated seasonally adjusted annual rate of public construction spending was $325.7 billion, 0.4 percent above the revised June estimate of $324.3 billion. Educational construction was at a seasonally adjusted annual rate of $73.3 billion, 1.6 percent above the revised June estimate of $72.1 billion. Highway construction was at a seasonally adjusted annual rate of $97.0 billion, 2.7 percent below the revised June estimate of $99.7 billion.

    Read more here.


  • Fri, August 30, 2019 12:08 PM | Anonymous member (Administrator)

    JUST RELEASED!

    The widespread shortcomings and low success rate of megaprojects have been so pervasive that those involved have begun to question the very model. The recent exits of prominent engineering and construction (E&C) players in certain types of megaprojects markets indicate the situation may be coming to a head.  READ THE FULL REPORT HERE: MEGAPROJECTS: Changing the Conversation

  • Thu, August 01, 2019 9:29 AM | Anonymous member (Administrator)

    Construction spending during June 2019 was estimated at a seasonally adjusted annual rate of $1,287.0 billion, 1.3 percent below the revised May estimate of $1,303.4 billion. The bulk of the June drop-off came in the public sector side of construction spending. The June figure is 2.1 percent below the June 2018 estimate of $1,314.8 billion. During the first six months of this year, construction spending amounted to $615.8 billion, 0.5 percent below the $619.0 billion for the same period in 2018.

    PRIVATE CONSTRUCTION:

    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $962.9 billion, 0.4 percent below the revised May estimate of $967.0 billion. Residential construction was at a seasonally adjusted annual rate of $507.2 billion in June, 0.5 percent below the revised May estimate of $509.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $455.7 billion in June, 0.3 percent below the revised May estimate of $457.3 billion. 

    Read more here


  • Mon, July 01, 2019 9:14 AM | Anonymous member (Administrator)

    Total Construction spending during May 2019 was estimated at a seasonally adjusted annual rate of $1,293.9 billion, 0.8 percent below the revised April estimate of $1,304.0 billion. The May figure is 2.3 percent below the May 2018 estimate of $1,324.3 billion. During the first five months of this year, construction spending amounted to $498.8 billion, 0.3 percent below the $500.3 billion record pace set for the same period in 2018. 

    PRIVATE CONSTRUCTION:
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $953.2 billion, 0.7 percent below the revised April estimate of $960.3 billion. Residential construction was at a seasonally adjusted annual rate of $498.9 billion in May, 0.6 percent below the revised April estimate of $501.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $454.3 billion in May, 0.9 percent below the revised April estimate of $458.5 billion.

    READ MORE HERE


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