Constructions Spending is Still Increasing

lumberyard Kansas City

Source: Flickr

While economists continue to debate and assess the state of the economy, home builders realize that construction spending is definitely on the way up. This single fact bodes well for the U.S. economy as a whole, but most especially for those involved in residential and commercial real estate.

In the month of November, construction spending in the United States rose at the strongest rate in more than half a decade. In particular, construction spending was up over 1% to almost a trillion dollars. That’s the fastest increase since early in 2009.

Unusually, spending on apartment buildings has spurred the recent growth with single -family homes not far behind. As is typical, commercial spending has lagged but shows some significant strengthening in he past quarter. It really looks like the promised recovery has finally arrived.

For more information on these and other construction topics or if you are looking for the best Kansas City lumberyard with the widest selection, please visit us at Schutte Lumber.

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us
  • This field is for validation purposes and should be left unchanged.
What's New
Fortress Iron Railing now available at Schutte Lumber Company
March 17, 2017

Schutte Lumber Company is proud to announce the addition of a new product line

Read More »

Douglas-Fir in Construction
February 28, 2017

Lumber produced from Douglas-fir is recognized throughout the world for its strength and performance.

Read More »

Why Choose Simpson Strong-Tie
January 19, 2017

All of us at Schutte Lumber Company are proud to announce our partnership with

Read More »

Copyright 2014 | all rights reserved