Infrastructure Investment And Starts Lagging Private Construction

United States of America – Construction Spending data was released this morning from the U.S. Census. A mixed bag report. Private construction is filling the void on construction spending verses public construction spending.

Public spending has been within a intermediary capital expansion position within project starts within the public infrastructure and capital improvements markets.

Infrastructure planning, design and allocation pipelines have been very strong as the Federal Department of Transportation is lining things up for a generation of work to be assessed and completed.

A blessing in disguise to residential a private markets this year to date. It has allowed private markets and supply chains a time to catch up and take advantage of better supplies and milder pricing especially on steel, copper and lumber. All have been at attractive pricing points for secure building now and forward planning.

How long this will last we do not know exactly. Politically speaking as the elections come and go this fall we will see most likely a strong return to infrastructure procurement and starts.

MONTHLY CONSTRUCTION SPENDING, MAY 2022

FOR RELEASE AT 10:00 AM EDT, FRIDAY, JULY 1, 2022