Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Private residential construction spending was at a seasonally adjusted annual rate of $520.7 billion in April, or 1.2 percent above the revised March estimate of $514.7 billion, the U.S. Department of Commerce reported today. In April 2003, the seasonally adjusted annual rate of private residential construction spending was $443.9 billion, or 17.3 percent lower than the April 2004 estimate. Total spending on private construction was at a seasonally adjusted annual rate of $739.9 billion in April 2004, or 1.2 percent above the revised March estimate of $731.1 billion. Total construction put in place spending during April 2004 was estimated at a seasonally adjusted annual rate of $970.4 billion, or 1.3 above the revised March estimate of $957.6 billion, according to the U.S. Commerce Depa...