Keeping you up to date on the latest data releases.
- Construction Spending
After upward revisions to both February and March, private construction was up 1.2 percent over the month in April to $549.7 billion. Residential construction showed improvement of 2.8 percent (nonannualized) over last month and 7.5 percent over the year. Spending on new multi-family homes and improvements increased over April, 4.1 percent and 3.7 percent, respectively. Multi-family spending increased 31.4 percent over the last year. Nonresidential was up 17.4 percent from April 2011 levels, but had a slight 0.2 percent fall back over the month. The largest monthly growth components were healthcare and commercial structures. Manufacturing has had the largest yearly growth of 26.8 percent even with the set back of 4.6 percent last month. All sectors continue their flat, but slightly upward trend.