Equipment Type

Construction Spending Down 1.4 Percent in April

Government construction activity was down 3.7 percent

June 01, 2017

The Commerce Department reported today that total construction spending fell 1.4 percent in April to $1,218.5 billion from March figures of $1,235.5 billion. However, April's figure is 6.7 percent above April 2016's estimate of $1,142.5 billion. During the first four months of 2017, construction spending is up 5.8 percent at $359.5 billion compared to last year's $339.7 billion for the same period.

Private construction in April came in at $943.3 billion, little changed from the March estimate of $949.7 billion. Residential construction was at a seasonally adjusted annual rate of $516.7 billion in April, 0.7 percent below the revised March estimate of $520.4 billion. Nonresidential construction was at a seasonally adjusted annual rate of $426.6 billion in April, 0.6 percent below the revised March estimate of $429.3 billion.

April's public construction spending was $275.3 billion, 3.7 percent below the revised March estimate of $285.9 billion. Educational construction was at a seasonally adjusted annual rate of $70.7 billion, 2.0 percent below the revised March estimate of $72.2 billion. Highway construction was at a seasonally adjusted annual rate of $89.5 billion, 3.7 percent below the revised March estimate of $93.0 billion.

Click here for the complete U.S. Census Bureau Monthly Construction Spending report for April 2017.

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