Menu
Posted June 1, 2018

U.S. construction spending climbs 1.8 percent in April

Private sector activity drives trend.


The U.S. Census Bureau announced the following value put in place construction statistics
for April 2018:

Total Construction

Construction spending during April 2018 was estimated at a seasonally adjusted annual rate of $1,310.4 billion, 1.8 percent (±1.0 percent) above the revised March estimate of $1,286.8 billion. The April figure is 7.6 percent (±1.5 percent) above the April 2017 estimate of $1,217.7 billion.

During the first four months of this year, construction spending amounted to $387.0 billion, 6.6 percent (±1.2 percent) above the $363.1 billion for the same period in 2017.

Private Construction

Spending on private construction was at a seasonally adjusted annual rate of $1,014.3 billion, 2.8 percent (±0.8 percent) above the revised March estimate of $986.6 billion.

Residential construction was at a seasonally adjusted annual rate of $556.3 billion in April, 4.5 percent (±1.3 percent) above the revised March estimate of $532.4 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $458.0 billion in April, 0.8 percent (±0.8 percent)* above the revised March estimate of $454.2 billion.

Public Construction

In April, the estimated seasonally adjusted annual rate of public construction spending was $296.1 billion, 1.3 percent (±2.0 percent)* below the revised March estimate of $300.1 billion.

Educational construction was at a seasonally adjusted annual rate of $74.2 billion, nearly the same as (±2.3 percent)* the revised March estimate of $74.2 billion.

Highway construction was at a seasonally adjusted annual rate of $88.0 billion, 1.0 percent (±6.3 percent)* below the revised March estimate of $88.8 billion.

Click here to download the complete report.

SPONSORED ADS