Spending on construction projects in the U.S. fell 0.4% in April from the prior month to an estimated seasonally adjusted annual rate of $2.15 trillion, according to data released Monday by the U.S. Census Bureau.
Last month’s construction spending was 0.5% below April 2024, when $2.16 trillion was spent.
On the residential side, seasonally adjusted spending of $892.8 billion in April marked a 0.9% decline from March’s estimate of $900.7 billion. Private nonresidential construction also fell 0.5% month over month to $746 billion.
However, the public sector saw a 0.4% increase in construction spending last month, according to Census Bureau data. An estimated $513.5 billion was spent on public projects in April on a seasonally adjusted annual basis compared to $511.3 billion in March. Educational construction fell 0.1% month over month, while spending on highway projects rose 0.5%.
