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Electricalmarketing 4076 Construction Gettyimages 637337716 Brianajackson
Electricalmarketing 4076 Construction Gettyimages 637337716 Brianajackson
Electricalmarketing 4076 Construction Gettyimages 637337716 Brianajackson
Electricalmarketing 4076 Construction Gettyimages 637337716 Brianajackson
Electricalmarketing 4076 Construction Gettyimages 637337716 Brianajackson

Public Construction Data Shines in April’s Value of New Construction Report

June 7, 2019
Construction spending during April 2019 was estimated at a seasonally adjusted annual rate of $1,298.5 billion, nearly the same as the revised March estimate.

Construction spending during April 2019 was estimated at a seasonally adjusted annual rate of $1,298.5 billion, nearly the same as the revised March estimate of $1,299.2 billion. The U.S. Census Bureau said the April figure is -1.2% below the April 2018 estimate of $1,314.7 billion. During the first four months of this year, construction spending amounted to $386.1 billion, +0.2% above the $385.5 billion for the same period in 2018.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $954 billion, -1.7% below the revised March estimate of $970.4 billion. Residential construction was at a seasonally adjusted annual rate of $499.3 billion in April, -0.6% percent below the revised March estimate of $502.4 billion. Nonresidential construction was at a seasonally adjusted annual rate of $454.7 billion in April, -2.9% below the revised March 2019 estimate of $468.0 billion.

Public construction. In April, the estimated seasonally adjusted annual rate of public construction spending was $344.6 billion, +4.8% above the revised March estimate of $328.7 billion. Educational construction, which in recent years was sluggish at best, was at a seasonally adjusted annual rate of $80.0 billion, +2.1% above the revised March estimate of $78.3 billion.

Transportation spending also saw increases on both a month-to-month (+4.9%)and year-over-year (+8.8%) basis, with the construction of air passenger terminals showing a +3.6% increase to $10.97 billion, a +13.1% YOY increase.

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