Construction Spending
Monthly report on the amount of money that is being spent on the construction of commercial, residential, and public developments. The Commerce Department gathers the data and composes the report for the public. A high level of construction spending usually results in other areas of consumer spending improving. As consumers start building new homes, they start purchasing other products to go inside that home, and so forth.
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Apr. Construction Spending: +0.4%, vs. Cons. +0.3%
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US Construction Spending for March Looks Strong
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Mar. Construction Spending: Up 1.4%, vs. Cons. 0.4%
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Feb. Construction Spending: -1.4%, vs. Cons. -0.2%
