U.S. construction spending in April was estimated at a seasonally adjusted annual rate of $2.1 trillion, dipping 0.1% from March but 10.0% higher than the same month in 2023.
Private spending fell 0.1% to $1.6 trillion in April. Residential levels grew 0.1% to $890.4 billion, while non-residential totals were down 0.3% to $721.5 billion from March.
In both the private and public sectors, educational spending was $128.7 billion, shrinking 0.7% from the previous month but up 16.2% from April 2023. Construction spending in healthcare was $66.5 billion, 2.4% lower than March but increasing 7.0% from the comparable month last year. Commercial construction spending totaled $128.6 billion, a decline of 1.1% from March and 0.1% from April 2023. See U.S. Census Bureau
