Construction Spending Soars In April As Gains In Multifamily And Most Nonresidential Segments Outweigh Slump In Single-family Homebuilding

Total construction spending in April increased by 1.2 percent from March and 7.2 percent year-over-year as widespread gains in nonresidential and multifamily construction spending offset a continuing plunge in single-family homebuilding, according to an analysis today by the Associated General Contractors of America of new federal data. Association officials welcomed...