Construction spending during April 2024 was estimated at a seasonally adjusted annual rate of $2,099.0 billion, 0.1% below the revised March estimate of $2,101.5 billion. The April figure is 10.0% above the April 2023 estimate of $1,907.8 billion.
Spending on private construction was at a seasonally adjusted annual rate of $1,611.9 billion, 0.1% below the revised March estimate of $1,613.3 billion. Residential construction was at a seasonally adjusted annual rate of $890.4 billion in April, 0.1% above the revised March estimate of $889.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $721.5 billion in April, 0.3% below the revised March estimate of $723.8 billion.
In April, the estimated seasonally adjusted annual rate of public construction spending was $487.1 billion, 0.2% below the revised March estimate of $488.2 billion.
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