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Construction Put In Place April06-04-03 | News
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Well, it looks like April?EUR??,,????'???s construction may have dipped a bit. But just a little. And it?EUR??,,????'???s still higher than last year?EUR??,,????'???s seasonally adjusted rate, so that with the fact that April?EUR??,,????'???s single-family residence sales were up (see ?EUR??,,????'??March Residential Sales?EUR??,,????'?? provides builders with some consolation and hope that this dip is just a burp in the ether of the ever-changing economy. Private construction lowered from March 0.3%, or from $664.1 billion in March to $661.4% billion in April. Despite rising sales in single-family residences recorded in March, construction of single-unit homes was down 0.8%% from March, resulting in spending of $325.6 billion in April (from March?EUR??,,????'???s $327.3 billion). However, building of single-unit homes was up 11.6% from April of last year. At least construction rates of homes with two units rose 1.5% in April from March, right? But the drawback is that this April?EUR??,,????'???s rate was down 1.2% from last April. Nonresidential private construction rates lowered 2.6% from March, from $160.3billion to $156.1 billion. This April?EUR??,,????'???s rate really took a dive from last April?EUR??,,????'???s, falling 13.1%, or from$179.6 billion to $156.1 billion. It looks like most of the falling rates of construction occurred in the private sector. Public construction rose in April by 0.2% from March, and by 0.5% from last April. April?EUR??,,????'???s spending on public construction reached $201.2 billion, in comparison to March?EUR??,,????'???s $200.7 billion, and April 2002?EUR??,,????'???s $200.2 billion. The biggest rises in spending (compared to March) were in conservation and development, and in military facilities, up 6.7% and 6.5% respectively.
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