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Construction Spending Tops $1 Trillion

Monday, June 1, 2015

Total spending on construction ticked up moderately in April, rising to a seasonally adjusted annual rate of $1,006.1 billion the U.S. Census Bureau announced today.  The number is a 2.2 percent increase over the revised (from $966.6 billion) March estimate of $984.0 billion and 4.8 percent higher than a spending rate of $960.4 billion in April 2014.

Total residential spending was at a rate of $359.4 billion, compared to $357.2 billion in March, a 0.6 percent gain but was down 1.8 percent from the $365.8 billion pace a year earlier.

 

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