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The Week Ahead: Focus on Construction Spending and Jobs

This week the Census Bureau releases its data on construction spending and on the employment situation across the U.S. While the construction spending report, which looks at the dollar amount spent on construction activity during February, will be released on Monday, April 2, at 10 a.m. EST, The employment situation report for March will be released on Friday, April 6, at 10 a.m. EST.

Construction spending remained flat in January at an estimated annual rate of $1,262.8 billion, on a month over month basis, but increased 3.2 percent above its January 2017 estimate of $1,223.5 billion. The report for January indicated that spending on residential construction was 0.3 percent above its December estimate of $523 billion.

In February, employment in the construction sector increased by 61,000, with gains in specialty trade contractors and construction of buildings. According to the report, construction added 185,000 jobs over the past four months.

Here’s what else is happening in the Week Ahead:

  • Black Knight Mortgage Monitor, Monday, 7 a.m. EST
  • CoreLogic Home Price Insights Report, Tuesday
  • Ellie Mae Millennial Tracker, Wednesday
  • MBA Mortgage Applications Report, Wednesday, 7 a.m. EST
  • Fed Balance Sheet, Thursday, 4.30 p.m. EST
  • Consumer Credit Report, Friday, 3 p.m. EST

About Author: Radhika Ojha

Radhika Ojha is an independent writer and editor. A former Online Editor and currently a reporter for MReport, she is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.

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