The 2020 Mid-Year Economic Update_long

Construction Spending Up 8.9% Year-to-Date

Construction spending in April was 8.6 percent above April 2013.

Construction spending in April 2014 was estimated at a seasonally adjusted annual rate of $953.5 billion, 0.2 percent above March and 8.6 percent above April 2013, according to the U.S. Census Bureau of the Department of Commerce.

In the first four months of the year, construction spending was $274.5 billion, 8.9 percent above the same period in 2013.

Spending on private construction was at a seasonally adjusted annual rate of $686.5 billion, nearly the same as March. Residential construction was at a seasonally adjusted annual rate of $378.5 billion in April, 0.1 percent above March. Nonresidential construction was at a seasonally adjusted annual rate of $308 billion, 0.1 percent below March.

In April, the estimated seasonally adjusted annual rate of public construction spending was $267 billion, 0.8 percent above March. Educational construction was at a seasonally adjusted annual rate of $62.6 billion, 3 percent above March. Highway construction was at a seasonally adjusted annual rate of $81.3 billion, 1.1 percent below March.

For more detail, download the PDF below.

Click Here

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.