Construction spending rose slightly March to April, the U.S. Census Bureau News
Total construction spending in March was revised higher to $857.7 billion from $856.7 billion. In April spending rose to $860.8 billion, a 0.4 percent increase, the bureau said.
In April, spending on private-sector projects totaled $602 billion, 1 percent above March's revised estimate of $595.9 billion.
In the month, $301.9 billion was spent on residential projects, a 0.1 percent decline from March. Private spending on commercial projects came to $300.1 billion in April, 2.2 percent more than the March estimate of $293.7 billion.
The estimated seasonally adjusted annual rate of public construction spending in April was $258.8 billion, 1.2 percent less than the revised March estimate of $261.8 billion.
Educational construction was at a seasonally adjusted annual rate of $58.7 billion, down 4.4 percent from March while highway construction was at a seasonally adjusted annual rate of $76.7 billion, up 0.5 percent from March.
Most Popular Stories
- Hispanic Leader Goes the Extra Mile
- Ted Cruz: Why Did FAA Ban Flights to Israel?
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges
- Stop-Start Engines Save Gas, Reduce Emissions
- Risks of Layoffs Becoming Rarer in U.S.
- Weekly Jobless Claims Drop to Lowest Level in 8 Years
- Shia LaBeouf Plea Deal, Alcoholism Treatment
- Ricky Martin Joins 'The Voice ... Mexico'
- Ohio State Band Chief Fired After Probe
- Jennifer Lopez, Pitbull to Perform at Fashion Rocks