Construction Spending Rose 2.2%, Highest Level in 6 years

June 1, 2015

Construction spending in April reached the fastest pace in more than six years due to building of apartments, commercial buildings and roads, reports Reuters.

Building outlays rose 2.2 percent in April to reach a seasonally adjusted annual rate of $1.01 trillion — the highest annual pace since November 2008, according to the U.S. Commerce Department.

The gain included a 3.1-percent jump in non-residential activity. Government projects grew 3.3 percent.