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Construction spending in November totaled $810 billion at a seasonally adjusted annual rate, up 0.4% from October and the third straight monthly gain, the Census Bureau reported on Monday. The total was down 6.0% from a year ago, the smallest year-over-year drop since April 2008.
The week before Christmas brought glad tidings to construction. But some stockings were stuffed with lumps of coal.
U.S. population increased 9.7% from 2000 to 2010, down from the 13.2% growth rate of the previous decade and the slowest 10-year growth rate since 1930-40, the Census Bureau reported today. Nevada again had the highest growth rate (35%) among states but also the biggest slowdown (31 percentage points less than in 1990-2000).
The producer price index (PPI) for finished goods rose 0.4% in November, not seasonally adjusted (0.8%, seasonally adjusted), and 3.5% from November 2009, the Bureau of Labor Statistics (BLS) reported on Tuesday. The PPI for inputs to construction鈥攁 weighted average of the cost of materials used in all types of construction, plus items consumed by contractors such as diesel fuel鈥攃limbed 0.5% and 4.6%, respectively.
Nonfarm payroll employment rose by 39,000, seasonally adjusted, in November, and private-sector payrolls grew by 50,000, the 11th straight monthly increase, the Bureau of Labor Statistics (BLS) reported on Friday. Construction employment, in contrast, remained in near-recession condition.
Construction employment either increased or remained steady in one-third 鈥 113 of 337 metropolitan areas 鈥 between October 2009 and October 2010 according to a new analysis of federal employment data released Thursday by 麻豆视频.聽
Construction spending increased 0.7% in October to $802.3 billion at a seasonally adjusted annual rate, but was down 9.3% from October 2009, the Census Bureau reported today.
View 麻豆视频 Chief Economist Ken Simonson鈥檚 presentation on the outlook for construction activity, materials and labor.

Total construction spending increased by 0.7 percent in October, driven largely by growing demand for power projects and public construction, 麻豆视频 noted Wednesday in an analysis of new Census Bureau data.聽 The new data, however, indicated continued weakness in many construction categories, including private nonresidential and single family construction, association officials observed.
Seasonally adjusted nonfarm payroll employment rose in 41 states and the District of Columbia in October, fell in six states and was unchanged in North Carolina, South Dakota and Wyoming, the Bureau of Labor Statistics (BLS) reported on Tuesday. Employment rose from a year earlier in 36 states plus D.C. and fell in 14 states. The unemployment rate, which was unchanged nationally at 9.6%, fell in 19 states plus D.C., rose in 14 states and was flat in 17. Construction employment exceeded September levels in 29 states, dropped in 20 plus D.C. and remained the same in Rhode Island. National construction employment rose 5,000 in October after sinking 8,000 in September. Similarly, most states with gains in October had lost construction jobs the month before, indicating that the industry is no longer in free fall but remains in flux. Compared with October 2009, construction employment rose in 11 states plus D.C.鈥攖he largest number of 12-month gains in two years鈥攁nd fell in 39 states. Only five states had double-digit percentage declines over 12 months: Nevada, -19%, -14,500 jobs; Idaho, -15%, -5,000 jobs; Vermont, -13%, -1,800 jobs; Montana, -11%, -2,500 jobs; and Missouri, -10%, -11,900 jobs. The largest 12-month percentage gains in construction jobs were in Kansas, 9%, 5,100 jobs; Oklahoma, 8%, 5,400 jobs; Arkansas, 5%, 2,600 jobs; D.C. 5%, 500 jobs; and West Virginia, 3%, 1,100 jobs. BLS combines mining and logging with construction in D.C. and six states to prevent disclosure of data for industries with few employers.鈥淭he value of new construction starts edged up 2% in October鈥 but was down 3% year-to-date from January-October 2009 levels, McGraw-Hill Construction (MHC) reported on Friday, based on data it collected. Among MHC鈥檚 three categories, nonbuilding construction jumped 14% for the month but slipped 2% year-to-date; residential building rose 3% and 8%, respectively; and nonresidential building slumped -9% and -12%. 鈥淭his year鈥檚 pattern shows activity fluctuating within a set range, consistent with the belief that construction starts have now stabilized at a low level,鈥 commented MHC vice president of economic affairs Robert Murray. 鈥淎t the same time, there鈥檚 yet to be evidence that renewed expansion on a sustained basis is about to take hold. The emerging recovery for housing has proven to be halting, and commercial building is still in the process of bottoming out. While public works in 2010 has moved at a decent clip, its prospects for 2011 are less favorable, given fading stimulus support and the fact that Congress has yet to pass the appropriations bills for fiscal 2011.鈥滻n a third sign of gradual improving conditions in construction, BLS reported on Tuesday that mass layoff events (involving 50 or more workers from a single employer) in construction fell 15% from October 2009 to October 2010 and involved 12% fewer workers. Mass layoffs of highway, street and bridge construction workers, which set an October record in 2009, fell by one-third, probably reflecting the high level of federal stimulus-funded highway projects this year.Industrial production (IP) in manufacturing rose 0.5% in October, seasonally adjusted, and 6.1% from October 2009, the Federal Reserve reported on November 16. IP of construction supplies inched up 0.2% in October and 7.7% over 12 months. Capacity utilization in manufacturing rose to 72.7% of capacity, the highest rate since August 2008 but still far below the 1972-2009 average of 79.2%. Together, above-average capacity utilization and growing current IP can indicate demand for factory construction.Lodging Econometrics, which tracks hotel construction activity, announced on November 8 that the 鈥淐onstruction Pipeline鈥 totals of projects under construction, expected to start in the next 12 months or in early planning stages, were 鈥渁t their lowest level since Q3 [the third quarter of] 2005, however the rate of decline has recently moderated. Under Construction totals, at 487 projects/62,041 rooms, represent just 15% of projects and 16% of rooms, and are the lowest since the 1990s. Totals for projects Scheduled to Start Construction in the Next 12 Months, at 1,218 projects/129,356 rooms, have also continued to decline and are at a low not seen since Q4 2004鈥.For the foreseeable future, the total Construction Pipeline is expected to continue trending downward, albeit at a slower pace.鈥漅eal (net of inflation) gross domestic product (GDP)鈥攄efined as the output of goods and services produced by labor and property located in the United States鈥攔ose 2.5% in the third quarter at a seasonally adjusted annual rate, not 2.0% as in the 鈥渁dvance鈥 estimate, the Bureau of Economic Analysis reported on Tuesday. However, real gross private investment in nonresidential structures fell 5.7% rather than rising 3.9% as first estimated. Real residential investment plunged 27.5%, not 29.1%. Real gross government investment in structures climbed 13.3%. The GDP price index increased 2.3%. The price index for private nonresidential structures rose 2.5%; the residential price index fell 0.4%; and the government index edged up 1.7%.鈥淩eal GDP declined in 38 states in 2009, led by national downturns in durable-goods manufacturing and construction,鈥 BEA reported on Thursday. 鈥淥ne of these two industries was the leading contributor to the decline in 34 states鈥.The decline in construction subtracted more than one percentage point from growth in Nevada, Arizona and Idaho, and nearly subtracted a point in Florida.鈥 Nationally, construction accounted for 0.44 percentage points of the 2.1% decline in state GDP. Construction added to state GDP in only five states: North Dakota, 0.39 points out of 3.9% growth; Louisiana, 0.18 out of 2.5%; Alaska, 0.12 out of 3.5%; South Dakota, 0.06 out of 2.2%; and Nebraska, 0.05 out of 0.3%.