RCD: Total Construction Spending to Rise This Year and Next
The seasonally adjusted annual rate for total construction spending in April edged up 0.2% from the March level, reaching $953.5 billion, buoyed in part by an increase in nonresidential building construction spending. Reed Construction Data forecasts the economy will grow "at a somewhat faster pace this year and next," with total construction spending estimated to rise 9.3% this year and 11.2% in 2015.
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
407 North Howard Avenue
Tampa, FL 33606