April’s Value of New Construction Lags March by -1.4% But Enjoys +6.7% YOY Boost

The latest Value of New Construction report from the U.S. Commerce Dept. said construction spending during April 2017 was estimated at a seasonally adjusted annual rate of $1,218.5 billion, -1.4% below the revised March estimate of $1,235.5 billion.

 

The April figure is +6.7% above the April 2016 estimate of $1,142.5 billion. During the first four months of this year, construction spending amounted to $359.5 billion, +5.8% above the $339.7 billion for the same perio

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