Latest from Mag

Plenty of executive appointments over the past two weeks. Here’s Electrical Marketing’s expanded coverage of personnel changes in the electrical market.
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Wire man John Pasqual and lighting rep Jack Melnick
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Electrical product prices remained on their flat trend, showing no change from October and little change in almost all major product categories.
Dec. 21, 2012
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Privately-owned housing starts in November were at a seasonally adjusted annual rate of 861,000, 3% below the revised October estimate, but 21.6% above the Nov. 2011 rate.
Dec. 21, 2012
Dec. 21, 2012
Veteran reps form new agency in Raleigh; WinWholesale buys Lloyd Graves in Texas; United Electric Supply expands through acquisition; and more.
Dec. 21, 2012
W.W. Grainger Inc., Lake Forest, Ill., announced plans to purchase Techni-Tool Inc., Worcester, Pa., a 200-plus employee distributor supplying customers in the cable television...
Dec. 21, 2012
Kaman Industrial Technologies (KIT), the industrial distribution business Kaman Corp., Bloomfield, Conn., has built up in recent acquisitions of Minarik, Zeller Electric and others...
Dec. 21, 2012
New York Mayor Michael Bloomberg offered an update on the city’s plans to renovate its infrastructure to withstand future storms.
Dec. 7, 2012

Sluggish Commercial Construction Sinks May 2009 Building, Says Census Bureau

The U.S. Census Bureau of the Department of Commerce said construction spending during May 2009 was estimated at a seasonally adjusted annual rate of $964 billion, 0.9 percent below the revised April estimate of $972.5 billion
July 17, 2009
2 min read

The U.S. Census Bureau of the Department of Commerce said construction spending during May 2009 was estimated at a seasonally adjusted annual rate of $964 billion, 0.9 percent below the revised April estimate of $972.5 billion. The May figure is 11.6 percent below the May 2008 estimate of $1,090.7 billion. During the first five months of this year, construction spending amounted to $368.8 billion, 11.7 percent below the $417.5 billion for the same period in 2008.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $649.2 billion, one percent below the revised April estimate of $655.6 billion. Residential construction was at a seasonally adjusted annual rate of $240.2 billion in May, 3.4 percent below the revised April estimate of $248.8 billion. Nonresidential construction was at a seasonally adjusted annual rate of $409 billion in May, 0.5 percent above the revised April estimate of $406.9 billion.

The segments of the private construction market with the largest year-to-year decreases were commercial (-28.4%); residential (-33.3%); communication (28.7%); lodging (-17.8%); and office (-12.1%).

Public construction. In May, the estimated seasonally adjusted annual rate of public construction spending was $314.9 billion, 0.6 percent below the revised April estimate of $316.9 billion. Educational construction was at a seasonally adjusted annual rate of $91.3 billion, 0.5 percent above the revised April estimate of $90.8 billion. Highway construction was at a seasonally adjusted annual rate of $78.5 billion, 1.3 percent below the revised April estimate of $79.5 billion.