Construction Spending Hits 37-Month High
The month of October marked a 37-month construction spending high, accumulating
a seasonally adjusted annual rate of $872 billion, according to the Associated
General Contractors of America (AGC). October's adjusted annual rate was
up 1.4 percent from September and 9.6 percent from October 2011.
Dodge Index Holds Steady in November
The Dodge Momentum Index held steady in November, according to the latest
report from McGraw-Hill Construction. The index registered a 92.5 (2000=100)
in November, a 0.5-percent increase compared with October’s revised 92.0.
According to the report, the November Index increase can be attributed
to the institutional building sector, which grew by 1.7 percent in November.
However, overall commercial construction declined 0.6 percent from October,
according to McGraw-Hill.
PPI Shows Flat Glass Prices Remain Stable
Flat glass prices remained stable from September to October,
according to the Producer Price Index Report produced by the U.S. Labor
Department, with a minor decrease of 0.1 percent. This is the first drop
in several months as prices rose 0.4 percent from July to August, and
1.0 percent from August to September.
While flat glass prices dropped, the cost of construction
materials rose 0.1 percent from September to October—following a 0.2-percent
increase from July to August and a 0.3-percent increase for August to
The import price for glass and glassware rose 0.2 percent
from September to October, according to the October Import and Export
Price Indexes. The export price for the same increased 0.4 percent from
September to October.
Glass and glassware includes float glass, safety glass,
lab glass and a range of other glass products, according to information
from the International Price Program office in Washington, D.C.
Three Months Strong
Results for billings at architecture firms in October displayed
the quickest pace of positive growth since December 2010, according to
the American Institute of Architects’ Architecture Billings Index (ABI).
The ABI score was 52.8 compared to 51.6 in September, while the new projects
inquiry index was 59.4, compared to 57.3 the month before. n
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