Private Construction Goes Up

Nonresidential construction was at a seasonally adjusted annual rate of $408.2 billion in April, 1.8 percent above the revised March estimate of $400.8 billion.

There’s good news about construction and this will positively affect landscape professionals. Spending on private construction was at a seasonally adjusted annual rate of $657.3 billion, 1.4 percent above the revised March estimate of $648.2 billion. Residential construction was at a seasonally adjusted annual rate of $249.2 billion in April, 0.7 percent above the revised March estimate of $247.4 billion. – Courtesy of US Census Bureau