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Residential and Private Construction Numbers Solid in April

April turned out to be a solid month for construction.  The Census Bureau said that dollar value of new construction activity on residential, non-residential, and public projects was at a seasonally adjusted and annual total of $1.31 trillion.  This represented a 1.8 percent increase from March's total of 1.29 trillion and was 7.6 percent higher than the $1.22 trillion rate in April 2017. The result was better than anticipated.  Analysts polled by Econoday had expected the numbers to improve from the 1.7 percent decline in March but were looking at a consensus estimate of 0.8 percent. The range of estimates was 0.5 to 2.0 percent.

 

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