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    Analysis

    June 4, 2021

    April CPIP Data: Residential Construction Keeps Leading the Way

    Written by David Schollaert

    The construction sector continues to gain momentum, but the effects of the COVID pandemic linger. Growth remains uneven as most sectors are still struggling to rebound from the doldrums seen last year.

    Total construction spending during April 2021, at a seasonally adjusted annual rate, was $1.524 trillion, up 0.2% from March’s revised estimate of $1.521 trillion, reported the U.S. Census Bureau. Total construction was also up 9.8% compared to a year ago when spending was $1.388 trillion. Year-to-date construction spending amounted to $452.3 billion, 5.8% above the $427.3 billion for the same period in 2020.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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