Builder blog

Current events and commentary regarding the construction industry. Opinions are my own.
Justin Reginato, Ph.D.
  • About
  • Builder Blog
  • Tacos & Tower Cranes
  • In the News
  • For Students

Construction Industry Economic Data Looking Good, Part 2

2/3/2015

0 Comments

 
My previous post was about the relatively strong ABI figures from December 2014. ABI is considered a leading indicator. In this post, let's look at what actually happened. Drum roll...construction spending ended 2014 at its highest level since December of 2008. December 2014's seasonally-adjusted annual rate (SAAR) was $982.1 billion (up 0.4% over the November 2014 estimate). Private construction in December 2014 was reported at $698.6 billion (up 0.1% over the November estimate) and public construction came in at $283.5 billion (1.1% over November 2014 estimate). Both figures represent seasonally-adjusted annual rates. This is the first time public construction increased since 2009, which can be seen in the figure below that was created by Bill McBride at the Calculated Risk blog. This data is not too shabby. The construction market will likely not get back to 2008 levels (I tend to discount residential since we don't teach residential construction at Sac State) for some time, but the construction industry is getting healthier.
Picture
0 Comments



Leave a Reply.

    Archives

    January 2024
    October 2023
    August 2023
    July 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    November 2022
    October 2022
    September 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    September 2019
    August 2019
    September 2018
    June 2018
    April 2018
    March 2018
    February 2018
    January 2018
    March 2016
    February 2016
    January 2016
    November 2015
    February 2015
    December 2014
    November 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    July 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    July 2012
    May 2012
    April 2012
    February 2012

    Categories

    All
    Economics
    Real Estate
    Technology

    RSS Feed

Proudly powered by Weebly
  • About
  • Builder Blog
  • Tacos & Tower Cranes
  • In the News
  • For Students