New Construction Spending For March 2020

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On May 1, 2020, the U.S. Census Bureau reported nationwide construction spending higher 0.9% to $1,360,5 billion in March of 2020 from $1,348,4 billion February of 2020, and rose 4.7% from $1,299.1 billion in March of 2019.

Nationwide private construction up 0.7% to $1,012,5 billion in March of 2020 from $1,005,8 billion in February of 2020.
Residential construction increased 2.3% of $550.3 billion in March of 2020 from $537.7 billion February of 2020.
Non residential construction down 1.3% to $462,3 billion in March of 2020 from $468,2 billion in February of 2020.
The public construction gained 1.6% to $348,0 billion in March of 2020 from $342,6 billion in February of 2020.
The educational construction declined 0.3% to $80,9 billion in March of 2029 from $81,1 billion in February of 2020.
The highway construction jumped 4.6% to $108,3 billion in March of 2020 from $103.5 billion in February of 2020.

For complete more detailed information about the U.S. Census Bureau on monthly construction spending in March of 2020, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA, ABR, SRS

Thank you for keeping us posted and up to date. Best of luck!

May 05, 2020 08:28 AM #1
Rainmaker
3,000,677
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Jeremy K. Frost glad you find the report very helpful. Best of luck to you too. Thanks for the comment.

May 05, 2020 09:42 AM #2
Rainmaker
650,178
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Sara

May 07, 2020 12:41 AM #3
Rainmaker
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post, it is good to see the latest new builds. I hope it continues in every market area. Thanks for sharing. i hope you have a great afternoon.

May 07, 2020 09:25 AM #4
Rainmaker
3,000,677
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Sara Wagner glad you find the report very useful. I hope you sell many homes in your area too. Thanks for the comment.

May 07, 2020 02:03 PM #5
Rainmaker
3,000,677
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Pat Champion glad you find the report very valuable, hopefully new construction continue in every market. I hope you a great afternoon too.  Thanks for the comment.

May 07, 2020 02:06 PM #6
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Rainmaker
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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