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ABC Reports: Nonresidential Spending Slips in August, Public Sector Spending Declines Faster than Private


Nonresidential construction spending fell for a second consecutive month in August, according to analysis of U.S. Census Bureau released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $686.6 billion on a seasonally adjusted, annualized basis for the month, 1.1 percent lower than July’s total of $694.1 billion (revised down from $701 billion) and 1.3 percent below August 2015’s figure.

Private nonresidential construction spending fell just 0.4 percent for the month, while its public sector counterpart shrank 2 percent. Four of the five largest nonresidential subsectors—power, highway and street, commercial and manufacturing—combined to fall 2.2 percent on a monthly basis.

“Stakeholders in the nation’s nonresidential construction industry have become accustomed to seeing weak spending data. However, today’s report represents a bit of a departure from previous reports,” said ABC Chief Economist Anirban Basu. “While previous weak spending reports can almost completely be explained by diminished public construction spending, today’s report also revealed emerging weakness in private spending.

“There are some noteworthy exceptions,” said Basu. “Office-related construction spending continued to surge higher, rising 2 percent for the month and up a whopping 24 percent on a year-over-year basis. Construction spending related to lodging rose 1.2 percent on a monthly basis and is nearly 16 percent higher than the year-ago level. Foreign investment in U.S. commercial real estate heavily influences these two segments, which has helped produce both higher asset prices and more construction.

“Given the passage of a federal highway bill last year, one might have expected spending growth in the highway/street and transportation categories,” said Basu. “Those expectations have been unmet thus far. Transportation-related construction spending dipped by more than 6 percent in August and by more than 11 percent on a year-over-year basis. Highway and street spending is down by more than 8 percent on a year-ago basis, and was down nearly 3 percent for the month.

“There are a number of theories at work, including the 2016 election cycle, which has led to some decision-makers putting projects on hold,” said Basu. “Government spending generally remains weak, and there are some indications that private lending standards are tightening due to a combination of growing concern among financial industry regulators and bankers that real estate bubbles are forming again in certain communities and segments.”


Top Habits of Highly Successful Concrete Drillers

by Randy Stevens, Vice President of Sales, E-Z Drill, Inc.




Webinar On Commercial Drone Use To Feature Q & A With Top UAV Experts

microdrones (PRNewsFoto/microdrones)

microdrones (PRNewsFoto/microdrones)

PRNewswire/ — An industry-leading publication and an international drone company has teamed up to provide current and prospective commercial UAV users with the information they need to navigate new legislation, get started with UAVs, and improve their business efficiency, data accuracy, and profits.

Inside Unmanned Systems and microdrones™ are pleased to announce they will be hosting a webinar called Part 107 Rule: Impact on Key Application Segments in the Commercial Drone Market. The event will take place on Wednesday, September 28, 2016 at 12:00 P.M. EDT. Because it is a web-based event, participants can join the conversation from anywhere in the world.

The webinar will include a question and answer period during which participants will be able to interact in real-time with top UAV experts. The initial discussion will focus on Part 107’s implications for mapping, surveying, and inspection applications, but anyone interested in using drones for commercial purposes is welcome to participate. Spots are limited, so interested individuals should register immediately at https://attendee.gotowebinar.com/register/8780341795519423748.

The event will be moderated by Demoz Gebre-Egziabher, a professor of aerospace engineering and mechanics at the University of Minnesota-Twin Cities, USA. The expert panel for this webinar includes:

  • TO REGISTER, GO TO: http://insideunmannedsystems.com/webinars/ (PRNewsFoto/microdrones)

    TO REGISTER, GO TO: http://insideunmannedsystems.com/webinars/ (PRNewsFoto/microdrones)

    Major General James O. Poss (ret) of ISR Ideas, is a leading expert on UAS, having targeted the first armed UAS strikes, designed the US Air Force’s remote split operations system for UAS control, and designed the Distributed Common Ground Station for UAS intelligence analysis. General Poss is the Executive Director of the Alliance for System Safety of UAS through Research Excellence (ASSURE) of the Federal Aviation Administration’s (FAA) Unmanned Aerial Systems (UAS) Center of Excellence Team. ASSURE consists of 18 of the top US, Canadian and British UAS research universities with 100+ corporate members collaborating to solve the FAA’s UAS research issues. General Poss works for MSU at their Stennis Space Center Campus. He is a 30-year US Air Force veteran with combat experience in four wars and was the Air Force’s senior career intelligence officer at his transition from active service in November 2012.

  • Mike Hogan is microdrones’ Business Development Director, in charge of identifying new business opportunities and helping clients be more successful. Hogan has extensive knowledge of UAS for industrial applications due to his vast experience helping professionals incorporate the technology into their businesses. Prior to serving microdrones customers, Hogan served in the Royal Canadian Air Force for 21 years as an Intelligence Officer, a Geomatics Officer, and an Airfield Engineer.
  • Ben Van Lare is Operations Manager for Raecon Industries. Van Lare works with a team of professionals in the power, construction, and technology industries to evaluate and integrate the use of Unmanned Aerial Vehicles (UAVs) into the commercial work environment. Not only does he specialize in UAV usage and piloting, but also in project management and business development. He is happy to act as a resource for those who have questions on either of these topics for businesses using UAS.

“We’re excited to be hosting this webinar and to have the opportunity to assist those who are pioneering commercial UAS,” said Mike Dziok, Marketing Director of microdrones. “It is an honor to be working with panelists with such a high level of expertise. We expect there will be much interest for this event and spots are limited, so those who wish to participate should register right away.”

To learn more about microdrones, visit www.microdrones.com

Making the Grade: The Benefits of 2-D Machine Guidance and Control Systems

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Lane Construction: Building Diverging Diamond Interchanges to Improve Traffic Flow

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