Construction Spending Down 2.9% in April
The U.S. government is reporting that total construction spending in April was at a seasonally adjusted annual rate of $ 1,346.2 billion, which is 2.9% higher than March’s revised estimate. However, April’s figure was 3% higher than April, 2019. Residential construction was at a seasonally adjusted annual rate of $ 536.8 billion in April, which is 4.5% lower than March’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
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