U.S. construction spending jumps to near six-and-a-half year high

Construction spending in the United States surged in April to the highest level in 6-1/2 years. This new high since November of 2008 was fueled by the development of new office buildings, hotels, shopping centers and government projects. Economists consider a rebound in construction as a sign of a stronger economy since it was one of the hardest hit sectors in 2008. This trend is also similar to the construction spending that has taken place in Philadelphia over the last several months. 

More information on construction spending and the economy can be found at Reuters. 

More information on Philadelphia based construction projects can be found on our blog. 

Stephen Fean
Stephen Fean is the Vice President of Business Development at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.
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