Construction spending in April 2011 was estimated at a seasonally adjusted annual rate of $765 billion, 0.4 percent above March but 9.3 percent below April 2010.
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During the first four months of the year, construction spending was $222.7 billion, 8.4 percent below the same period in 2010.
Spending on private construction was at a seasonally adjusted annual rate of $483 billion, 1.7 percent above March. Residential construction was at a seasonally adjusted annual rate of $232.1 billion in April, 3.1 percent above March. Nonresidential construction was at a seasonally adjusted annual rate of $250.8 billion in April, 0.5 percent above March.
In April, the estimated seasonally adjusted annual rate of public construction spending was $282 billion, 1.9 percent below March. Educational construction was at a seasonally adjusted annual rate of $67.3 billion, 2.7 percent below March. Highway construction was at a seasonally adjusted annual rate of $77.5 billion, 1.6 percent below March.
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