Heavy Engineering Construction — Mixed Results in November

Heavy engineering (non-building) construction spending eked out a small gain of 0.3% on a seasonally adjusted (SA) basis in November after falling 1.1% in October. Year-to-date not seasonally adjusted (NSA) construction spending was down 2.3% from the same period in 2012. September and October spending numbers were revised down $3.3 billion and $4.3 billion, respectively—1.2% and 1.6% of their respective previously reported numbers.

Nonresidential Building Construction Advances in November

Nonresidential building construction spending rose 0.8% at a seasonally adjusted (SA) rate in November following a 4.2% surge in October. On a year-to-date not seasonally adjusted (NSA) basis, nonresidential building construction spending was almost unchanged (down 0.1%) from the same period in 2012. The September and October spending numbers were revised up by $7.0 billion and $8.8 billion, respectively—2.4% and 2.9% of the previously reported spending numbers.

New Residential Construction Spending Back on Track?

Following a slowdown in growth for new residential construction spending in October—up 0.3% on a seasonally adjusted (SA) basis, November construction spending turned in a more respectable increase, up 1.4%. On a year-to-date NSA basis, new residential construction spending was up 29.6% from the same period in 2012.

Could USPS Fleet Cut Fuel Use with ESPCs?

Could USPS Fleet Cut Fuel Use with ESPCs?A bill introduced by Reps. Jared Huffman (D-CA) and Gerry Connolly (D-VA), would authorize the US Postal Service to use energy savings performance contracts to improve the efficiency of its fleet. The bill, HR 3963, is called the Federal Leadership in Energy Efficient Transportation (FLEET) Act, The Hill reports. ESPCs allow companies, governments and other organizations to […]