Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Construction Spending Up In April

WASHINGTON (UPI) — Construction spending rose month-to-month in April, the U.S. Census Bureau reported Friday.

Total construction spending reached a seasonally adjusted annual rate of $820.7 billion, up 0.3 percent from the revised estimate of $818.1 billion in March, the bureau said.

Spending for April was 6.8 percent above April 2011, when $768.2 billion was spent on construction projects on a seasonally adjusted annual basis.

Spending on private construction was at a seasonally adjusted annual rate of $549.7 billion, 1.2 percent above March’s revised estimate of $543.4 billion, the Census Bureau said.

The report said residential construction was at a seasonally adjusted annual rate of $256.1 billion in April, a 2.8 percent jump from March’s revised figure of $249.1 billion.

Non-residential construction was at a seasonally adjusted annual rate of $293.6 billion in April, 0.2 percent below the $294.3 billion spent in March — also a revised figure.

The estimated seasonally adjusted annual rate of public construction spending in February was $271 billion, 1.4 percent below the revised March estimate of $274.7 billion, the Census Bureau said.

Educational construction was at a seasonally adjusted annual rate of $68.3 billion, 0.9 percent below the revised March estimate of $68.9 billion, the bureau said. Highway construction was at a seasonally adjusted annual rate of $77.3 billion, 0.4 percent above the revised March estimate of $77 billion.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Construction Spending Up In April”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

  • http://www.facebook.com/profile.php?id=100003406150819 Amare

    Cabodog, you don’t know what the hell you’re talking about.First, Cap rates are not caltaluced for single family residences. Multifamily property rents are plunging along with house rents and condo reversions. Even hotels are entering the residential rental market.Second, cap rates for commercial real estate are rising across every property type in every market with extremely low transaction volumes.Vacancy and availability rates are soaring and rents are plunging. There is absolutely no way anyone is doing cash flow investing right now. These speculators are equity investing at what appears to be a local minimum. Equity investors lease on a Triple Net basis which has lower rent than Full Service Gross, so they’ve likely got severe negative cash flow if they’ve even got tenants. How deep are those pockets?Default rates are soaring across all property types in all markets. Financing for bridge loans has dried up and high cost transactions can’t find financing either.CRE price declines are catching up with house price declines. Anyone investing in this climate had better hope prices don’t remain stagnant for the next five years, a likely possibility.

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.