Construction Spending Heading South—Housing Down 11% Since April 2018 Peak

Total residential construction spending dropped 8.4% from a year ago, the sixth month in a row of year-over-year declines, to a seasonally adjusted annual rate of $507 billion, according to the Census Bureau this morning. This was down 11% from the peak in April 2018.

 

 

 

 

https://wolfstreet.com/2019/05/01/construction-spending-at-risk-housing-retail-sag/