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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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