The recent news of a decline in US construction spending in April 2024 has sent ripples through the industry. While the dip was slight (0.1%), following a similar decline in March, it raises questions about the health of the construction sector and its future.
Data from the US Census Bureau reveals a decrease in both private and public construction spending in April. Total spending is down 0.1% to $2,099.0 billion compared to the revised March estimate of $2,101.5 billion. Check out the full blog