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Construction Spending Annual Rates for April 2014

By June 2, 2014 November 19th, 2019 Construction Law

According to the U.S. Census Bureau of the Department of Commerce, total construction spending for April 2014 was estimated at a seasonally adjusted annual rate of $953.5 billion.  This rate is an increase of 0.2 percent from the revised March estimate of $951.6 billion.  Compared to a year ago, the April rate is up 8.6 percent from that of the April 2013 rate, which was estimated at $878.4 billion.  So far this year, construction spending has totaled $274.5 billion, an increase of 8.9 percent compared to the $252.1 billion for the first four months of 2013.

Private construction spending in April was estimated at a seasonally adjusted annual rate of $686.5 billion, remaining nearly unchanged from March’s revised estimate of $686.8 billion.  Residential construction spending for April was at a seasonally adjusted annual rate of $378.5 billion, a slight increase of 0.1 percent from the previous month’s revised estimate of $378.3 billion.  Nonresidential construction spending for April was estimated at $308.0 billion, down 0.1 percent from March’s revised estimate of $308.5 billion.

Public construction spending was estimated at a seasonally adjusted annual rate of $267.0 billion, up 0.8 percent from March’s revised estimate of $264.8 billion.  Educational construction spending for April was at an adjusted rate of $62.6 billion, up 3.0 percent from the revised March estimate of $60.8 billion.  Highway construction spending was estimated at an adjusted rate of $81.3 billion for April, dropping 1.1 percent from March’s revised estimate of $82.2 billion.

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

 

Eli Robbins

Author Eli Robbins

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