Content about U.S. Commerce Department

November 8, 2012

In an unanimous 6-0 decision, the U.S. International Trade Commission has determined that solar panel manufacturers in the United States have been injured by underpriced imports from China. This clears the way for tariffs and anti-dumping penalties by the U.S. Commerce Department, which has already projected it will levy countervailing duties of 24% to 36% against imported Chinese photovoltaic cell (PVC) panels.

August 29, 2012

Crime and punishment, redux The following is a letter in response to “Illinois contractor gets 10-year sentence for asbestos violation.”

August 24, 2012

Disputes over dumping -- selling products in the U.S. market at prices below the cost of production or for less than what the products are sold in the home market -- are a major thorn in the side of companies wanting to do business internationally. The United States enacted the antidumping law to protect U.S. manufacturing companies from “unfair” imports, but the real impact of the law is to bankrupt legitimate U.S. companies and destroy U.S. jobs.

June 4, 2012

Figures released by the U.S. Commerce Department put overall construction spending during April 2012 at $820.7 billion, a 0.3% rise over the adjusted figures for construction spending in March 2012.

Spending on private construction was reported at $549.7 billion, 1.2% above the revised March estimate of $543.4 billion. Residential construction saw some of the biggest gains at $256.1 billion during April 2012, a 2.8% increase over the previous month. 

March 30, 2012

An article about a U.S. Commerce Department ruling that some imported bottom-mount refrigerators were sold at prices unfair to American competitors led to several letters. 

“There is no way that free enterprise businesses can compete and win against companies being underwritten by their countries.

“There is a core group of Americans who are being ignored in this NEW GLOBAL FREE TRADE economy. Not everyone can go to college or be trained for high-tech jobs.

March 23, 2012

An article about a U.S. Commerce Department ruling that some imported bottom-mount refrigerators were sold at prices unfair to American competitors led to several letters.

“There is no way that free enterprise businesses can compete and win against companies being underwritten by their countries.

“There is a core group of Americans who are being ignored in this NEW GLOBAL FREE TRADE economy. Not everyone can go to college or be trained for high tech jobs.

March 6, 2012

Overall construction spending dipped ever so slightly in January 2012, decreasing 0.1% from the previous month’s estimate of $827.6 billion, according to the U.S. Commerce Dept. In year-over-year figures, activity rose 7.1%, however.

February 3, 2012

Construction spending across all sectors reached an estimated $816.4 billion in December 2011, according to the U.S. Commerce Department, a 1.5% increase above the revised November estimate.  The December figure is 4.3% above the December 2010 estimate of $782.9 billion.

Much of the gain can be attributed to spending on nonresidential construction, which totaled an estimated $288.5 billion in December 2011, 3.3% above the previous month. The latest figures were also a 2.4% boost over December 2010, where spending on nonresidential construction hit $261.8 billion.

January 26, 2012

Sales of new single-family houses in December fell to a seasonally adjusted annual rate of 307,000, down 2.2% from the revised November rate of 314,000. 

Compared with a year ago, December new housing sales were down 7.3%, according to the U.S. Commerce Department's new residential sales report released Thursday. 

October 31, 2011

Appliance maker Whirlpool prevailed in a preliminary finding by the U.S. Commerce Department that foreign producers in South Korea and Mexico -- including Samsung Electronics and LG Electronics -- violated United States and International trade laws by “dumping” bottom-mount refrigerators in the United States.

October 27, 2011

Sales of newly built, single-family homes increased 5.7% to a seasonally adjusted annual rate of 313,000 units in September, according to data from the U.S. Commerce Department. This marks the fastest pace of new-home sales in the past five months. 

July 19, 2011

Nationwide housing starts rose 14.6% to a seasonally adjusted annual rate of 629,000 units in June, according to the latest residential construction report from the U.S. Commerce Department. This was the highest pace of housing production since the beginning of the year, and was attributable to significant gains registered in both the single-family and multi-family segments, as well as every region of the country.

June 26, 2011

Sales of new single-family homes in May 2011 dropped an estimated 2.1% over the previous month, according to figures released on June 23 by the U. S. Commerce Department. 

May’s seasonally adjusted number, 319,000 units, was below April’s 326,000 units but 13.5% above May 2010’s new-home sales of 281,000. 

May 24, 2011

Sales of new single-family houses in April 2011 rose 7.3%, according to the U.S. Commerce Department, to an adjusted annual rate of 323,000. This increase over March’s figure of 301,000 units is still below April of 2010, when the estimated number of home sales was 420,000.

The median sales price of new houses sold in April 2011 was $217,900. 

April 1, 2011

Figures released by the U.S. Commerce Department today put construction spending during February 2011 at $760.6 billion, 1.4% below last month’s figure. The February estimate is also 6.8% lower than February 2010, which the government estimated at $815.8 billion.

During the first two months of this year, construction spending amounted to $103.7 billion, 8.2% below the $112.9 billion for the same period in 2010.

January 31, 2011

Figures released by the U.S. Commerce Department on Jan. 31 showed a 7% increase in consumer spending in December 2010, compared with the previous month. This continues an upward trend: Personal expenditures also rose in November 2010 by 4%.

Personal income increased 4% for the second straight month in a row, according to the Bureau of Economic Analysis.

December 14, 2010

The National Retail Federation (NRF) has revised its consumer spending forecast for the 2010 holiday season, raising it from a 2.3% increase over last year to a 3.3% growth rate.

The upward revision is due to improvement in a variety of economic indicators, the group said, including stock market gains, recent income growth and savings built up during the recession - all giving consumers the capacity to spend.     

November 16, 2010

Nationwide housing starts declined 11.7% to a seasonally adjusted annual rate of 519,000 units in...

October 27, 2008

Sales of newly built single-family homes rose 2.7 percent in September to a seasonally adjusted...

October 19, 2008

Total housing starts dipped to an annual rate of 817,000 units for September 2008, a...

September 16, 2008

Single-family housing starts dipped to 630,000 annual units in August, almost 2 percent below the...

September 1, 2008

CORRECTED - That compares with spending of $1.09 trillion in June and is 4.8 percent...

May 27, 2008

Month-over-month, sales rose 3.3 percent. But the numbers, having come off a “dismal” first quarter,...

March 2, 2008

Robert Ross, a commercial builder from Austin, Texas, calls the Commercial Builders Council “the best...

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