April construction spending dips, with residential projects seeing the steepest decline

While public construction projects ramped up last month, private sector spending fell 0.7%

April construction spending dips, with residential projects seeing the steepest decline

While public construction projects ramped up last month, private sector spending fell 0.7%
Spending on construction projects in the U.S. fell 0.4% in April from the prior month, with residential spending falling even more

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%.

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