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April Value of New Construction Solid & Tracking +6.6% Above 2017 Year-Over-Year

Construction spending during April 2018 was estimated at a seasonally adjusted annual rate of $1,310.4 billion, +1.8% above the revised March estimate of $1,286.8 billion, according to the U.S. Census Bureau. The April figure is +7.6% above the April 2017 estimate of $1,217.7 billion. During the first four months of this year, construction spending amounted to $387 billion, +6.6% above the $363.1 billion for the same period in 2017.

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