Construction spending rose 0.3% in April, matching analysts' estimates, to a seasonally adjusted annual rate of $821 billion, the Commerce Department said Friday.
Construction spending rose 0.3% in April, matching analysts' estimates, to a seasonally adjusted annual rate of $821 billion, the Commerce Department said Friday. Private residential construction rose 2.8%, while private nonresidential construction fell 0.2%. Public construction spending fell 1.4%. Compared with April 2011, total construction spending is up 6.8%. Spending in March was revised to a 0.3% gain from a prior estimate of a 0.1% increase.
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