Department of Commerce Reports Mild Dip in April Construction to $765 Billion

Construction spending during April 2011 was estimated at a seasonally adjusted annual rate of $765 billion, 0.4 percent above the revised March estimate of $762.1 billion, according to the U.S. Census Bureau of the Department of Commerce. The April figure is 9.3 percent below the April 2010 estimate of $843.1 billion. During the first four months of this year, construction spending amounted to $222.7 billion, 8.4 percent below the $243 billion for the same period in 2010.

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