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Archive for December 13th, 2017

U.S. Put-in-Place Construction Spending Forecasts – Heading Into Winter 2017

Wednesday, December 13th, 2017

Article source: ConstructConnect

ConstructConnect is known for its ‘starts’ statistics and forecasts. Twice per year, however, − in early summer and late fall − ConstructConnect also calculates and publishes ‘put-in-place’ construction spending projections.

2017-12-04-US-Economy-Put-in-Place-Graphic

It helps that the ‘starts’ numbers are leading indicators for the PIP figures.

The history of PIP capital spending is compiled and published by the Census Bureau. A thorough explanation of the differences between ‘starts’ and ‘put-in-place’ is provided at the end of this article.

ConstructConnect is now estimating that ‘grand total’ U.S. put-in-place construction spending in 2017, expressed in ‘current’-dollar terms (i.e., not adjusted for inflation), will be $1.233 trillion.
(more…)




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