Construction spending during April 2024 was estimated at a seasonally adjusted annual rate of $2,099.0 billion, 0.1% below March. The April figure is 10% above April 2023.
During the first four months of this year, construction spending was $635.5 billion, 10.9% above the $573 billion for the same period in 2023.
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Spending on private construction was at a seasonally adjusted annual rate of $1,611.9 billion, 0.1% below March.
Residential construction was at a seasonally adjusted annual rate of $890.4 billion in April, 0.1% above March. Nonresidential construction was at a seasonally adjusted annual rate of $721.5 billion in April, 0.3% below March.
In April, the estimated seasonally adjusted annual rate of public construction spending was $487.1 billion, 0.2% below March.
Educational construction was at a seasonally adjusted annual rate of $103.5 billion, 0.2% below March.
Highway construction was at a seasonally adjusted annual rate of $149.6 billion, 0.5% below March.
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