U.S. Construction Spending up 6.6% from One Year Ago

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The U.S. Census Bureau is reporting that total construction spending in April was estimated at a seasonally adjusted annual rate of $1.3 trillion, which is 1.8% above March’s revised estimate.  During the first four months of 2018, construction spending amounted to $387 billion, which was 6.6% higher than the same period in 2017.  In addition, residential construction was at a seasonally adjusted annual rate of $556.3 billion in April (4.5% higher than March) and nonresidential construction was at a seasonally adjusted annual rate of $458.0 billion in April (0.8% higher than March).

Click here to read the full release at Census.gov.

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Director of Education & Outreach, National Real Estate Investors Association

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