April Construction Spending Increases
Ken Simonson, Chief Economist for the AGC of America recently issued a press release showing construction spending has rebounded strongly in April, with an increase of 2.7 percent or $23 billion from March to a seasonally adjusted annual rate of $869 billion. Mr. Simonson noted that the gains were primarily driven by private residential construction (up 4.4 percent) and public construction (up 2.4 percent), but that private nonresidential also increased significantly (up 1.7 percent).
To see the entire release, CLICK HERE.
