April 2019 Construction Spending

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The U.S. Census Bureau announced construction spending for April 2019 was at a seasonally adjusted annual rate of $1,298 billion, which shows only a minor change from the estimate of $1,299 billion in March.

While private construction spending in April was $954 billion, 2 percent below the revised March estimate of $970 billion; public construction spending was $345 billion, 5 percent above last month’s revised estimate of $329 billion. Compared to April 2018, while private construction spending was down 6 percent, public construction spending was up 15 percent in April over last year.

The primary contributor to public construction spending growth was highway construction, which was $114 billion, 7 percent above the revised March estimate, and 21 percent above the same period last year.

More information may be found at: https://www.census.gov/construction/c30/pdf/release.pdf