Tag: Public

Construction Spending Rose 1.0 Percent in October



  • Spending on residential construction increased by 1.0% to USD399.0 billion, and spending on non-residential construction rose by 0.6% to USD403.4 billion.
  • The Commerce Department said construction spending rose 1% to the highest level it since December 2007.
  • Together, total private residential spending was up 1.0%, suggesting better Q4 residential investment growth than we had previously expected.
  • Offsetting this, private nonresidential construction spending was a bit below our expectation in October and trimmed our estimate of structures investment.
  • The report said construction spending climbed 1.0 percent to an annual rate of $1.107 trillion in October from the revised September estimate of $1.097 trillion.


Source

Building giant says plenty of public sector work available in Scotland (From Herald Scotland)



  • THE chief operating officer of building giant Galliford Try has highlighted the strength of the construction market in Scotland where public spending is providing a spur for the sector.
  • Galliford Try runs a big housebuilding operation under the Linden Homes brand.
  • Mr Gillespie said the market had picked up south of the border.
  • Ken Gillespie said Galliford Try’s construction arm enjoyed dramatic growth in Scotland over the last 12 months as it felt the benefit of winning a string of public sector contracts.
  • However, it does not build homes in Scotland preferring to focus effort south of the border, where Mr Gillespie has said it can make more money with less effort.


Source