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    Analysis

    November 3, 2021

    CPIP Data: Construction Spending Fades in September

    Written by David Schollaert

    The U.S. construction sector slipped in September as spending faded for the second consecutive month following a downward revision in August’s results, the Commerce Department reported.

    The Census Bureau’s report on construction spending shows that the value of residential construction put in place in September was up 19% year on year but fell 0.4% month on month. The month’s losses were spread across both private and public construction sectors, tumbling 0.5% and 0.7%, respectively.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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