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U.S. Construction Spending Rises in April

U.S. construction spending during April was estimated at a seasonally adjusted annual rate of $1.3 trillion, rising 1.8% from March and 7.6% higher than the year ago period. Year-to-date spending was up 6.6% from 2017 at $387 billion.

Private construction spending rose 2.8% from March to a seasonally adjusted annual rate of $1.0 trillion. Residential levels in April were 4.5% higher than the previous month at $556.3 billion and non-residential totals increased 0.8% from March to $458 billion. See U.S. Census Bureau

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