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.
Dec. 21, 2012
Wire man John Pasqual and lighting rep Jack Melnick
Dec. 21, 2012
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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

January Construction Spending Flat with December But Down 9.3 Percent YTY

The Department of Commerce said construction spending during January 2010 was estimated at a seasonally adjusted annual rate of $884.1 billion, 0.6 percent below the revised December estimate of $889.6 billion
March 12, 2010
2 min read

The Department of Commerce said construction spending during January 2010 was estimated at a seasonally adjusted annual rate of $884.1 billion, 0.6 percent below the revised December estimate of $889.6 billion. The January figure is 9.3 percent below the January 2009 estimate of $974.3 billion.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $577.3 billion, 0.6 percent below the revised December estimate of $580.7 billion. Residential construction was at a seasonally adjusted annual rate of $260.8 billion in January, 1.3 percent above the revised December estimate of $257.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $316.4 billion in January, 2.1 percent below the revised December estimate of $323.2 billion.

With the exception of residential construction and the power market segment, all major construction categories were down month-to-month in the private construction arena. Construction in the power segment was up 15.6 percent year-to-year.

Public construction. In January, the estimated seasonally adjusted annual rate of public construction spending was $306.9 billion, 0.7 percent below the revised December estimate of $308.9 billion. Educational construction was at a seasonally adjusted annual rate of $80.3 billion, nearly the same as the revised December estimate of $80.3 billion. The amusement and recreation, power, highway and street and conservation market segments all showed positive gains over Dec. 2009. Several market segments in the nonresidential construction segment registered encouraging gains over Jan. 2009, including residential, office, commercial, transportation, power and highway and street.