Construction Spending
Source: The Census Bureau of the Department of Commerce.
Release: 10:00 ET on the first business day of the month. Data for prior two months.
Volatility: High.
Web: http://www.census.gov/prod/1/constr/c30/c30.html
The construction spending report is comprised of residential, non-residential, and public expenditures on new construction. Construction spending represents 20% of GNP and the figures are volatile and subject to large revisions. Consequently, the figures are more often used as a market indicator when significant changes take place over a period of months.