The Week Ahead Focus on Construction Spending and Jobs

first_imgThe Week Ahead: Focus on Construction Spending and Jobs Buildings Construction Employment Jobs mortgage Residential Construction Specialty trade Contractors 2018-04-01 Radhika Ojha This week the Census Bureau releases its data on construction spending and on the employment situation across the U.S. While the construction spending report, which looks at the dollar amount spent on construction activity during February, will be released on Monday, April 2, at 10 a.m. EST, The employment situation report for March will be released on Friday, April 6, at 10 a.m. EST.Construction spending remained flat in January at an estimated annual rate of $1,262.8 billion, on a month over month basis, but increased 3.2 percent above its January 2017 estimate of $1,223.5 billion. The report for January indicated that spending on residential construction was 0.3 percent above its December estimate of $523 billion.In February, employment in the construction sector increased by 61,000, with gains in specialty trade contractors and construction of buildings. According to the report, construction added 185,000 jobs over the past four months.Here’s what else is happening in the Week Ahead:Black Knight Mortgage Monitor, Monday, 7 a.m. ESTCoreLogic Home Price Insights Report, TuesdayEllie Mae Millennial Tracker, WednesdayMBA Mortgage Applications Report, Wednesday, 7 a.m. ESTFed Balance Sheet, Thursday, 4.30 p.m. ESTConsumer Credit Report, Friday, 3 p.m. EST April 1, 2018 485 Views center_img in Daily Dose, Featured, News Sharelast_img

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