According to report released by National Statistical Service of Armenia, in the first quarter of this year residential construction increased by 198.4 percent over the same period last year. Overall residential construction spending was 14 655.7 million AMD ($39 million). Compared to the same period last year, residential construction work increased 3.1 times and amounted 5 996.2 million AMD ($16.1 million). Government expenditures on residential construction have not changed this year - 3 030.5 million AMD ($8.1 million). As reported, residential construction in the capital has increased 2.4 times compared with the same period last year and totaled 7 391.4 million AMD ($19.8 millon). The amount of work performed in Yerevan by the state budget hasn't changed- 95.6 million AMD ($256 thousand). Population housing expenditures have also increased by 82.6 percent and amounted 1 382.5 million AMD ($3.7 million). Note, that organizations mainly invested in Yerevan, as regions are less attractive for developers. Developers' investments in housing totaled 5 913.3 million AMD ($15.8 million) in Yerevan, while in regions investments made only in Tavush marz and amounted only 82.9 million AMD ($222.8 thousand). The second and the third places took Shirak and Lori regions - 1 854.3 million AMD ($4.9 million) and 1 547.8 million AMD ($4.1 million) respectively. Government residential construction spending in Shirak and Lori totaled 1 776.3 million AMD ($4.7 million) and 1 158.3 million AMD ($3.1 million) respectively. Compared to the same period last year these figures haven't changed. In the first quarter of this year about 59.304 thousand square meters of residential area was put in commission compared to 29.888 thousand square meters last year.

As reported by the National Statistical Service of Armenia, the total volume of construction output in 2011 compared with the previous year has dropped by 11.5 percent and amounted 480 billion AMD ($1.25 billion). The primary reason for the drop is the reduction of construction works financed by international organizations, companies and private sector. At the same time volume of construction output financed by the State, the Local Governments (Communities), and the Armenian Apostolic Church has increased. The companies' construction spending account for nearly 45 percent of all construction output, but there was 13.5 percent drop compared to 2010. The second largest investor in the construction industry is the State Government with 15.2 percent increase. But the largest growth is recorded in Local Governments construction spending multiplied 5.9 times compared to 2010. All international donors have considerably reduced their construction financing in 2011, except German Development Bank (KfW) with sector investment increase 2.2 times. The Armenian Apostolic Church construction investment has increased by 13.8 percent, but the private sector construction activities have considerably dropped by nearly 30.5 percent.

As reported by news.am, government financed provided $US 3.52 million for construction and renovation works in Shirak Region. The government always held a tender for road and school reconstruction works as well as for roofs of some residential buildings in Gyumri and Shirak Region. Particularly in Gyumri government program include reconstruction of Sevyan and Lisinyan roads, roof renovations for some residential buildings in blocks Ani and Bulvarayin and for the third Handicraft College. In Shirak Region works include reconstruction of some schools and educational Institutions. Renovation works have already begun in Gyumri school #15 and will end till September. The total budget for this school renovation is about $US 133,300.