Print
EmailConstruction spending increases 0.4 percent in April
Construction spending increased 0.4 percent in April, but the first reported 1.4 percent gain in March was revised to a 0.1 percent rise, according to Reed Construction Data. Small April improvements in multi-family are likely to persist since these markets appear to be recovering.
Residential improvements (which includes remodeling, renovation and replacement work) are expected to rise 0.7 percent in 2011 and 14.5 percent in 2012, according to U.S. Census Bureau data.
A large April gain in residential remodeling is not a signal of recovery in these sectors and may be revised away or reversed in the next few months. Overall, the construction recovery is set to begin but remains on hold due to the recent weakening in the economy.
For more information: www.reedconstructiondata.com/construction-forecast/news/2011/06/construction-spending-increases-0.4-percent-in-april/
More like this
- Report: Jobs increase but residential construction sector lags
- Private residential construction spending declines
- Census Bureau: U.S. construction spending on the rise
- Construction material prices rise nearly five percent since last year
- Rising energy costs fuel construction materials price increase
Comments on: "Construction spending increases 0.4 percent in April"
RELATED ARTICLES
Sustained KBI score reflects continued optimism heading into summer.
The American Architectural Manufacturers Association (AAMA) announced the release of an interim procedural guide that will provide a documented, optional process to extend...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
