U.S. Construction Spending Rises 0.4% In April

The U.S. Census Bureau reports that total construction spending in April was at a seasonally adjusted annual rate of $860.8 billion. This is 0.4% above March’s revised estimate of $857.7 billion and 4.3% above the $825.1 billion in April 2012.

Private residential construction spending was at a SAAR of $301.9 billion in April, 0.1% below March’s revised reading of $302.2 billion. Private residential construction spending is up 18.9% from a year ago.

Private nonresidential construction spending was at a SAAR of $300.1 billion in April, 2.2% above March’s revised estimate of $293.7 billion. Private nonresidential construction spending is up 0.7% from a year ago.

Total public construction spending was at a SAAR of $258.8 billion in April, 1.2% below March’s revised estimate of $261.8 billion. Total public construction spending is down 4.4% from a year ago.

US Construction Spending April 2013 600x375 U.S. Construction Spending Rises 0.4% In April

Changes in US Construction Spending April 2013 600x368 U.S. Construction Spending Rises 0.4% In April

US Construction Spending Table April 2013 600x127 U.S. Construction Spending Rises 0.4% In April

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