Subscriber Login

MDM Premium Content  What's this?
Close
Subscribe today to access MDM's premium content with two issues a month of timely and to-the-point content for the busy wholesale distribution executive. Here's what you get:
  • Analysis of distribution trends
  • Interviews with industry leaders
  • Quarterly Public Distributor Report
  • Quarterly Inflation by Commodity Group Report
  • Market and economic data analysis
  • Access to the best online research tool in distribution

And much more! Learn more

login close
Forgot Your Password?
Home » Construction Spending Down 12.4% in 2009

Construction Spending Down 12.4% in 2009

By    MDM   Staff 
February 5, 2010
More about:  Building Materials/Construction,  Economy
Private construction spending fell in 2009, but public construction investment was up.
Text Size
Email Print ShareShare/Bookmark
Construction spending in December 2009 was estimated at a seasonally adjusted annual rate of $902.5 billion, 1.2% below the revised November estimate. The December figure is 9.9% below December 2008.
 
The value of construction in 2009 was $939.1 billion, 12.4% below the $1,072.1 billion spent in 2008.
 
Spending on private construction was at a seasonally adjusted annual rate of $593 billion, 1.2% below the revised November estimate of $599.9 billion. Residential construction was at a seasonally adjusted annual rate of $260.4 billion in December, 2.8% below November.
 
Nonresidential construction was at a seasonally adjusted annual rate of $332.5 billion in December, 0.2% above the revised November estimate of $331.8 billion.
 
The value of private construction in 2009 was $621.8 billion, 18.8% below the $766.2 billion spent in 2008. Residential construction in 2009 was $252.2 billion, 28% below the 2008 figure of $350.1 billion and nonresidential construction was $369.6 billion, 11.2% below the $416.1 billion in 2008.
 
In December, the estimated seasonally adjusted annual rate of public construction spending was $309.6 billion, 1.2% below the revised November estimate of $313.3 billion. Educational construction was at a seasonally adjusted annual rate of $80.3 billion, 0.4% below November. Highway construction was at a seasonally adjusted annual rate of $83.7 billion, 2.3% below November.
 
The value of public construction in 2009 was $317.3 billion, 3.7% above the $306 billion spent in 2008. Educational construction in 2009 was $86.3 billion, 0.9% above 2008, and highway construction was $84.6 billion, 3.7% above 2008.

For more details, download the pdf below.

Download PDF

Print Email ShareShare/Bookmark
Use the form below to leave a comment
captcha

Please enter the text you see above:

Not sure? Give me another.

  • MDM Podcast

Think About It:
'I Don't Know':
A Great Answer

Finding yourself frequently acknowledging, I don't know, is a signal that you have become a superior sales rep.

Listen now.

Learn more or subscribe to the Think About It podcast.

  • From Adam J. Fein, Ph.D.

Benchmark with Wholesale Distribution Economic Reports

Click on the video below to hear how to use this data for better business planning.

adam-video

  • MDM Store

The Answer Book for
Growth-Minded CFOs and
Controllers

answer book for CFOs and Controllers

Now Available: An ultra practical idea-guide that gives an inside look at how leading companies are dealing with some of today's toughest financial and business management challenges. Go to the MDM Store.
Job Board
Title Company Location
Midwestern Field Sales Territory Manager DeVilling & Associates Midwest, US
Senior Account Manager and National Account Manager Precision Dallas, TX
VP Sales & Marketing Confidential Southeastern, PA
Branch Manager Graybar Electric Company Garden City, NY
International Sales Manager Industrial Lubricants Manufacturer United States
National Sales Manager Steiner Industries United States
View ALL Wholesale Distribution Job Listings Post Your Job Listing


MDM Calendar

Technology Case Study

October 7, 2010

2011 Economic Forecast

November 18, 2010

Featured Products

answer book for CFOs and Controllers

Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers

Reviews (0)
 
Price: $249.00
An ultra practical idea-guide that gives an inside look at how leading companies are dealing with some of today's toughest financial and business management challenges.
HR Strategic Answer Book

The HR Professional's Strategic Answer Book

Reviews (0)
 
Price: $249.00
This book takes the questions HR professionals were asking and provides real-world answers gathered from the best thinkers in the business, including working professionals, consultants and legal experts.
industrial-single

2010 Wholesale Distribution Economic Reports: Industrial Distributors - Single-User License

Reviews (0)
 
Price: $119.00

This report includes: Revenue and employment growth trends, the number and size distribution of companies, gross margin, wages, other operating statistics and expert commentary to help you interpret the sector data in light of current macroeconomic trends





Sponsored Links