Construction spending continues to seesaw | Waccabuc Real Estate


Construction spending in the U.S. continues to seesaw, keeping the market recovery on a bit of a roller coaster.

After dropping in March, construction spending rose to $860.8 billion in April. This is 0.4% above the revised March estimate of $857.7 billion, according to the U.S. Census Bureau.

Furthermore, April’s spending is 4.3% above the year-ago estimate of $239.8 billion.

Spending on private construction was 1% above the revised March estimate of $595.9 billion, rising to $602 billion in April.

Residential construction spending came in at a seasonally adjusted rate of $301.9 billion in April, down 0.1% from March’s estimate of $302.2 billion.

Additionally, nonresidential construction was at a seasonally adjusted rate of $300.1 billion in April, above 2.2% from March’s estimate of $293.7 billion.

In April, the estimated seasonally adjusted annual rate of public construction spending was $258.8 billion, up 1.2% from the revised March estimate of $261.8 billion.

 

Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Construction spending continues to seesaw | Waccabuc Real Estate.

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About robertpaulrealtor 914-325-5758

Realtor in Bedford NY specializing in marketing and selling luxury homes and finding the perfect homes for new buyers. Working in Armonk, Katonah, Pound Ridge, Lewisboro, Chappaqua and North Salem. 914-325-5758 robert.paul@elliman.com
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