April construction spending increase is misleading
Featured in:
Join the Discussion!
- Login to post a comment
Print this Page
RSS Feed
The revised spending data show that residential remodeling spending plunged 12.2% in February, stayed at about that reduced level in March and then recovered most of the abrupt drop in April. This is implausible. But by now we are used to wild swings and frequent large revisions in the remodeling data.
There are three key insights in the April spending report. First, the housing market continues to weaken rapidly, down 6.7% more. The recent stabilization of home sales will not stop the spending slide for a few more months. Second, the manufacturing and power markets continue to expand with each now nearly as large as single family housing. This is momentum from the 2003-07 business expansion which will not last much longer. Third, commercial real estate is more distressed than reported earlier with downward revisions for both office and retail construction spending.
- 2010 Building Construction Cost Data is the most used, most quoted, and most reliable unit price book available to the construction industry. Presented in this 68th edition are nearly 23,000 unit costs for building components, arranged in the CSI MasterFormat 2004 system.
- Complete Book of Framing illustrates virtually every job in house framing - from layout to floors, walls, roofs, stairs, doors, and windows. Contains hundreds of full-color photos and easy-to-interpret illustrations.
- Unit Price Estimating Methods is an indispensable resource to strengthen your unit cost estimating skills. All the things you need to know about taking off and pricing detailed unit price construction estimates.
- RSMeans Facilities Maintenance & Repair Cost Data 2010 is the first-ever publication to address the cost of all aspects of maintaining your facility: maintenance and repair, preventive maintenance, general maintenance, and complete details about the cost and repair frequencies of thousands of work items.
- Residential & Light Commercial Construction Standards is the essential one-stop reference on quality standards for construction, compiled from the nation's leading professional associations, industry publications, and building code organizations.
Member Comments
Related Information
RSMeans Assemblies Cost Data 2010 BookOver 10,000 building assembly and component costs. Don't miss the accompanying Reference Tables, Historical Cost Indexes & City Cost Indexes. Quickly estimate a building’s square foot cost and easily compare and price alternatives. Order Now |

