By continuing to use the site you agree to our Privacy & Cookies policy

Your browser seems to have cookies disabled. For the best experience of this website, please enable cookies in your browser.


Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.


US sees construction spending drops

US construction spending has fallen, according to official figures

Data from the Department of Commerce showed a seasonally adjusted $834.4billion (£524billion) was spent on construction in July.

This was 0.9 per cent lower than in June as the misery continued for architects across the Atlantic. Private spending dropped by 1.2 per cent to $558.7bn, with private housing and non-housing work both down on June.

Public spending fell by 0.4 per cent to $275.7bn, with education and highways spending both lower than in the previous month.

AJ reported last month that architecture firms have suffered disproportionately from the built environment downturn.

The 2012 American Institute of Architects Firm Survey showed billings dropped by 41 per cent from 2009 to 2011.

This was well in excess of the 26 per cent drop in the construction industry as a whole, and came despite a 6 per cent rise in the performance of the US economy.

Royal Institution of Chartered Surveyors economist Himanshu Wani said home sales provided a chink of light at the end of the tunnel.

‘New home sales continue to show a strong upward trend from extremely low levels,’ he said.

‘The rising trend in sales should continue to boost new construction in the months ahead, especially against the backdrop of rising house prices and lean inventories of unsold new homes.’

However, he warned it would take a long time for the construction industry to recover 1.5 million jobs lost during the recession

Have your say

You must sign in to make a comment.

Related Jobs

Sign in to see the latest jobs relevant to you!

The searchable digital buildings archive with drawings from more than 1,500 projects

AJ newsletters