Construction Spending Annual Rates for April 2015


According to the U.S. Census Bureau of the Department of Commerce, total construction spending for April 2015 was estimated at a seasonally adjusted annual rate of $1,006.1 billion.  This rate is an increase of 2.2 percent from the revised March estimate of $984.0 billion.  Compared to a year ago, the April rate is up 4.8 percent from that of the April 2014 rate, which was estimated at $960.3 billion.  So far this year, construction spending has totaled $288.7 billion, an increase of 4.1 percent compared to the $277.3 billion for the first four months of 2014.

Private construction spending in April was estimated at a seasonally adjusted annual rate of $725.2 billion, up 1.8 percent from March’s revised estimate of $712.1 billion.  Residential construction spending for April was at a seasonally adjusted annual rate of $353.1 billion, an increase of 0.6 percent from the previous month’s revised estimate of $351.1 billion.  Nonresidential construction spending for April was estimated at $372.1 billion, up 3.1 percent from March’s revised estimate of $361.0 billion.

Public construction spending was estimated at a seasonally adjusted annual rate of $280.9 billion, up 3.3 percent from March’s revised estimate of $271.9 billion.  Educational construction spending for April was at an adjusted rate of $63.3 billion, up 3.6 percent from the revised March estimate of $61.2 billion.  Highway construction spending was estimated at an adjusted rate of $87.1 billion for April, up 8.5 percent from March’s revised estimate of $80.3 billion.

For more information, read the complete U.S. Census Bureau of the Department of Commerce Press Release by clicking here.