The U.S. Census Bureau of the Department of Commerce announced that construction spending during April 2010 was estimated at a seasonally adjusted annual rate of $869.1 billion, 2.7 percent above the revised March estimate of $845.9 billion. The April figure is 10.5 percent below the April 2009 estimate of $971.4 billion. During the first four months of this year, construction spending amounted to $249.6 billion, 13.2 percent below the $287.5 billion for the same period in 2009.
Private construction
Spending on private construction was at a seasonally adjusted annual rate of $565.8 billion, 2.9 percent above the revised March estimate of $549.7 billion. Residential construction was at a seasonally adjusted annual rate of $263.0 billion in April, 4.4 percent above the revised March estimate of $251.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $302.7 billion in April, 1.7 percent above the revised March estimate of $297.8 billion.
Public construction
In April, the estimated seasonally adjusted annual rate of public construction spending was $303.3 billion, 2.4 percent above the revised March estimate of $296.2 billion. Educational construction was at a seasonally adjusted annual rate of $74.7 billion, 0.4 percent above the revised March estimate of $74.4 billion.
Value Of New Construction Put In Place — April 2010
Value of Construction Put-in-Place ($ billions, seasonally adjusted annual rate)
1-Preliminary; 2-Revised
Note: The U.S. Census department changed its construction categories beginning with its May 2003 statistics. With the changes in the project classifications, data now presented are not directly comparable with those data previously published in the regular-format press releases and tables. Direct comparisons can only be made at the total, total private, total state and local, total federal, and total public levels for annual and not seasonally adjusted monthly data. For more information, check out http://www.census.gov/const/www/c30index.html.