Construction spending in April 2008 was estimated at a seasonally adjusted annual rate of $1,120.9 billion, 0.4% below March, according to the U.S. Census Bureau of the Department of Commerce.
April was 3.9% below the April 2007 estimate of $1,166.2 billion.
During the first four months of this year, construction spending amounted to $331.6 billion, 2.8% below the $341.2 billion for the same period in 2007.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $823.8 billion, 0.5% below the revised March estimate of $827.7 billion. Residential construction was at a seasonally adjusted annual rate of $435.8 billion in April, 2.3% below the revised March estimate of $445.8 billion. Nonresidential …
April Construction Spending: Down 0.4% From March
Construction spending in April 2008 was estimated at a seasonally adjusted annual rate of $1,120.9 billion, 0.4% below March, according to the U.S. Census Bureau of the Department of Commerce.
April was 3.9% below the April 2007 estimate of $1,166.2 billion.
During the first four months of this year, construction spending amounted to $331.6 billion, 2.8% below the $341.2 billion for the same period in 2007.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $823.8 billion, 0.5% below the revised March estimate of $827.7 billion. Residential construction was at a seasonally adjusted annual rate of $435.8 billion in April, 2.3% below the revised March estimate of $445.8 billion. Nonresidential …
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