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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

November 01, 2017
US CONSTRUCTION SPENDING, SEPTEMBER 2017

 

US construction spending increased by 0.3 per cent in September, ahead of the (revised) gains of 0.1 per cent reported for August.  US construction spending has been up and down through 2017, with an overall year-to-date gain of 4.3 per cent when comparing the first three quarters of 2017 with the same period of 2016.  The gains in US construction spending have been largely in the residential sector, which is up 11.2 per cent year-to-date (although it was flat in the last month).  US nonresidential construction spending has been down 0.3 per cent so far in 2017, particularly on declines in manufacturing, power generation and commercial/office construction.  Public investment in the US is down by 4.2 per cent through the first three quarters of 2017.  

US construction spending, particularly in residential projects is a significant driver of lumber shipments from Nova Scotia.  With strong gains in residential construction, year-to-date lumber exports from Nova Scotia to the US are up by 33 per cent (Jan-Aug totals).

Source: US Census Bureau



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