Construction spending in April 2013 was estimated at a seasonally adjusted annual rate of $860.8 billion, 0.4 percent above the revised March estimate, according to the U.S. Census Bureau of the Department of Commerce.
April was 4.3 percent above April 2012.
During the first four months of the year, construction spending was $250.7 billion, 4.5 percent above the same period a year ago.
Spending on private construction was at a seasonally adjusted annual rate of $602 billion, 1 percent above the revised March estimate. Residential construction was at a seasonally adjusted annual rate of $301.9 billion in April, 0.1 percent below the revised March estimate.
Nonresidential construction was at a seasonally adjusted annual rate of $300.1 billion in April, 2.2 percent above March.
In April, the estimated seasonally adjusted annual rate of public construction spending was $258.8 billion, 1.2 percent below March. Educational construction was at a seasonally adjusted annual rate of $58.7 billion, 4.4 percent below March. Highway construction was at a seasonally adjusted annual rate of $76.7 billion, 0.5 percent above March.
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