U.S. Construction Goes Up a NotchThe local West Palm Beach movers learned that U.S. builders spent more on construction projects for a second consecutive month this April. This increase includes both residential projects as well as commercial ones, rising 0.3% according to the Commerce Department. The consecutive spending pushed the annual rate of $820.7 billion. That’s 7.6% above a 12-year low we hit in March of last year. However, economists say that even with this slight progress, the construction spending is rough half of what is considered “healthy.”
The All My Sons of West Palm Beach learned residential construction rose 2.8% in April, the best in six months, to an annual rate of $256.1 billion. Since new home sales have increased as well this past month, to an annual rate of 343,000 units, homebuilders are gaining confidence again because of this new interest. In May, builder optimism increased the highest level in five years. The local West Palm Beach moving specialists learned that spending on office buildings was up 1.6% in April while spending on commercial facilities such as shopping centers went up by 1%. Spending on hospitals and other healthcare buildings increased by 2.6%. Government building projects fell 1.4%, federal construction down 5% with state and local construction spending dropped 1%. Many economists say that home construction will add to the overall growth this year.
Are you looking to purchase one of these newly-built homes? Are you looking to move to a brand new house in West Palm Beach, Florida and claim to be the first owner of a home? If so, you’ll need a professional moving company with reliable movers at an affordable price. With All My Sons of West Palm Beach, you can get your moving quote online, conveniently and fast. You can rest assured that every moving detail will be taken care of, resulting in a stress-free move for you and your family. The West Palm Beach movers are part of a huge network of movers called All My Sons Moving and Storage, backed by four generations of professional movers. All My Sons moving has offices across the nation including Atlanta, Birmingham, Oklahoma City, San Antonio and so many more. We’re experienced in commercial moves as well, so if you’re looking to by a newly-built commercial facility, the West Palm Beach moving specialists can also move your business efficiently. Happy moving day!