June 2, 2009 – The U.S. Census Bureau of the
Department of Commerce announced yesterday that construction spending during
April 2009 was estimated at a seasonally adjusted annual rate of $968.7
billion, 0.8 percent (±1.3%) above the revised March estimate of $961.3
billion.
The April figure is
10.7 percent (±1.8%) below the April 2008 estimate of $1,085.2 billion. During
the first 4 months of this year, construction spending amounted to $286.3
billion, 11.3 percent (±1.4%) below the $322.8 billion for the same period in
2008.
Private Construction
Spending on private
construction was at a seasonally adjusted annual rate of $657.3 billion, 1.4
percent (±1.3%) above the revised March estimate of $648.2 billion. Residential
construction was at a seasonally adjusted annual rate of $249.2 billion in
April, 0.7 percent (±1.3%) above the revised March estimate of $247.4 billion.
Non-residential construction was at a seasonally adjusted annual rate of $408.2
billion in April, 1.8 percent (±1.3%) above the revised March estimate of
$400.8 billion.
Public Construction
In April, the estimated
seasonally adjusted annual rate of public construction spending was $311.4
billion, 0.6 percent (±2.1%) below the revised March estimate of $313.2
billion. Educational construction was at a seasonally adjusted annual rate of
$89.1 billion, 1.8 percent (±2.9%) below the revised March estimate of $90.7
billion. Highway construction was at
a seasonally adjusted annual rate of $79.0 billion, 0.9 percent (±6.9%)* above
the revised March estimate of $78.3 billion.
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