U.S. Construction Spending Up 1.2% in April ’23

The U.S. government is reporting that total construction spending in April, 2023 was at a seasonally adjusted annual rate of $1,908.4 billion, which is 1.2% higher than March’s revised estimate and is 7.2% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $845.4 billion in April, which is 0.5% above March’s revised estimate. Continue reading HERE...