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

Construction Shows Slight Increase in March But is Still Down 12.3 Percent YTY

The Department of Commerce said construction spending during March was estimated at a seasonally adjusted annual rate of $847.3 billion, 0.2 percent above the revised February estimate of $845.5 billion
May 7, 2010

The Department of Commerce said construction spending during March was estimated at a seasonally adjusted annual rate of $847.3 billion, 0.2 percent above the revised February estimate of $845.5 billion. The March figure is 12.3 percent below the March 2009 estimate of $966.7 billion. During the first three months of this year, construction spending amounted to $179.9 billion, 14 percent below the $209.2 billion for the same period in 2009.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $550.8 billion, 0.9 percent below the revised February estimate of $555.7 billion. Residential construction was at a seasonally adjusted annual rate of $251.8 billion in March, 1.1 percent below the revised February estimate of $254.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $299 billion in March, 0.7 percent below the revised February estimate of $301.1 billion.

Public construction. In March, the estimated seasonally adjusted annual rate of public construction spending was $296.5 billion, 2.3 percent above the revised February estimate of $289.9 billion. Educational construction was at a seasonally adjusted annual rate of $75.9 billion, 2.2 percent below the revised February estimate of $77.6 billion.