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).
Trending
- Happy Easter 2024
- Local Market Monitor’s National Economic Outlook for March ’24
- TikToker Tells Illegal Immigrants How to Invade American Homes & Invoke Squatter’s Rights
- More Inflation Concerns, Big Changes for Home Sales and Single Family Construction Hot Spots
- Home Builder Confidence Highest Since July
- CoreLogic Says Rent Growth Slowed in January
- Existing Home Sales See Largest Monthly Increase in a Year
- Housing Starts Up 10.7% in February