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

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.

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