If you need assistance, please call 407-288-5182

April Construction Spending Still Besting 2019 Numbers

Friday, July 10, 2020   /   by Erik Bjorklund

April Construction Spending Still Besting 2019 Numbers

Overall spending
on construction fell in April, down 2.9 percent to a seasonally adjusted annual
rate of $1.346 trillion from 1.387 trillion. This still left the rate 3.0
percent higher than it was in April 2019. 
On a non-adjusted
basis, spending was $110.492 billion compared to $107.758 billion in March
and  106,786 the previous April. Thus far
in 2020, spending has totaled $412.465 billion, a 7.1 percent increase from the
year-to-date (YTD) spending in 2019. Privately funded
construction
was at an annual rate of $1.004 trillion, down 3.0 percent from
the $1.036 trillion rate in March, but still up 3.8 percent from the expenditures
a year earlier.
On an unadjusted basis spending was a tad higher than in March,
$83.865 billion compared to $83.654 billion, At $318.110 billion, however,
spending was significantly higher for the YTD, up 6.8 percent, than the
$297.850 billion expended during the first four months of 2019.


 

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates
eXp Realty
Tony Fuentes
1999 W. Colonial Dr
Orlando, FL 32804
407-288-5182

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.10/31/2020 5:32 PM CST
This site powered by CINC: www.cincpro.com