Tag: spending
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Nonresidential construction spending slips for sixth time in seven months
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending declined 0.1% in June to a seasonally adjusted annual rate of $1.241 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Friday. Private nonresidential construction fell…
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AstraZeneca grows US presence with $50B in spending plans
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. WASHINGTON — AstraZeneca, the U.K.’s third biggest company by market value, is making itself a bit more American. On Monday, AstraZeneca CEO Pascal Soriot joined Virginia Governor Glenn Youngkin in Washington D.C. to sign an agreement on…
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Construction spending drops for fourth straight month
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending dropped 0.2% in May to a seasonally adjusted annual rate of $1.237 trillion, according to an Associated Builders and Contractors analysis released July 1. Spending fell from the month prior in eight…
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ABC: Nonresidential Construction Spending Slips Again in April Amid Economic Pressures
National nonresidential construction spending edged down 0.1% in April, according to the latest data from the U.S. Census Bureau, analyzed by Associated Builders and Contractors (ABC). On a seasonally adjusted annual rate, total spending in the sector reached $1.248 trillion. Six out of 16 nonresidential subcategories saw month-over-month declines. Private nonresidential construction dipped by 0.5%,…
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Government pledges £39bn for affordable homes in Spending Review
The UK government has announced a £39 billion plan over ten years to build 1.5 million affordable new homes. This big spending promise, part of the Chancellor’s latest review, is being called the “biggest boost to social and affordable housing in a generation.” However, many will be watching closely to see if this huge investment…
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Private construction pullback drags down overall spending
Dive Brief: Nonresidential construction spending dipped 0.1% in April to a seasonally adjusted annual rate of $1.248 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Monday. Spending fell in six of the 16 nonresidential subcategories, with private nonresidential construction down 0.5%, while public nonresidential construction rose 0.5%, according…
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Top states for commercial construction spending
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Texas leads the nation in commercial construction spending at nearly $90 billion annually, more than double any other state, while Arizona ranks No. 1 in per-capita spending, according to a report from Twisted Nail, a…
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Construction spending plummets on tariff fears
Dive Brief: Nonresidential construction spending fell 0.5% in March to a seasonally adjusted annual rate of $1.25 trillion, retreating from February’s record-setting high, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Thursday. Spending declined in 11 of the 16 nonresidential subcategories, with private nonresidential construction dropping 0.8% and public…
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Amid tariff turmoil, Novartis commits to spending $23B on US manufacturing
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Novartis will substantially expand its U.S. footprint, announcing Thursday plans to spend $23 billion over five years to build six new factories, expand three existing ones and add a new research and development hub. The…
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Public projects boost construction spending to $1.26T high
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending increased 0.3% in February to a seasonally adjusted annual rate of $1.26 trillion, the highest level on record, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released…